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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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41 votes
41 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 Michael Hampton
by
2.2k points

1 Answer

10 votes
10 votes
I would think the rgdp increased instead
User Dimentica
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3.1k points
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