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Using the quantity equation MV = PY, which of the following might happen if the ...

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Using the quantity equation MV = PY, which of the following might happen if the money supply increases?

Velocity is constant, prices rise, and total output is constant.

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Velocity increases, prices are constant, and total output is constant.

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Velocity rises, prices fall, and total output is constant.

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Velocity is constant, prices fall, and total output is constant.

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