Other things the same,an increase in velocity means that
A)the rate at which money changes hands falls,so the price level rises.
B)the rate at which money changes hands falls,so the price level falls.
C)the rate at which money changes hands rises,so the price level rises.
D)the rate at which money changes hands rises,so the price level falls.

Question

Quizplus · Accepted Answer

An increase in velocity means money changes hands more frequently, leading to a higher price level if the money supply and output remain constant.

Other Things the Same,an Increase in Velocity Means That