Question: It velocity ( V ) and aggregate output ( Y ) remain constant at $ 5 and $ 1 , 0 0 0 billion, respectively,

It velocity (V) and aggregate output (Y) remain constant at $5 and $1,000 billion, respectively, what happens to the price level (P) if the money supply (M) declines from $500 billion to $425 billion?
Originally, the price level is (Round your response to two decimal places.)
It velocity ( V ) and aggregate output ( Y )

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