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If the money supply increases and nominal GDP remains the same, then 1. price level increased 2. price level decreased 3. velocity increased 4. velocity decreased 5. rgdp increased
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9 votes
If the money supply increases and nominal GDP remains the same, then

1. price level increased
2. price level decreased
3. velocity increased
4. velocity decreased
5. rgdp increased

User Paweloque
by
7.8k points

1 Answer

4 votes
I would think the rgdp increased instead
User AntonyW
by
8.2k points
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