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MMLU-Pro / 7262 / Suppose that real GNP doubles while the quantity of money increase by 80%. If…

Problem

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question

Suppose that real GNP doubles while the quantity of money increase by 80%. If the velocity of money is constant, what happens to the price level?

category

economics

options

  1. The price level increases by 50%
  2. The price level drops by 10%
  3. The price level increases by 20%
  4. The price level increases by 60%
  5. The price level remains constant
  6. The price level drops by 40%
  7. The price level doubles
  8. The price level quadruples
  9. The price level drops by 20%
  10. The price level increases by 80%

src

stemez-Economics

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