According to the views of the Classical economists,what happens if there is a doubling of the money supply?

Question

Quizplus · Accepted Answer

According to the Quantity Theory of Money, which is a view held by Classical economists, a doubling of the money supply would lead to a proportional increase in the aggregate price level. In other words, money prices would double. This is because the quantity theory postulates a direct relationship between the money supply and prices.

According to the Views of the Classical Economists,what Happens If