According to the simple quantity theory of money, a change in the money supply of 9.6 percent would lead to a

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According to the quantity theory of money, MV = PY where M is the money supply, V is velocity, P is the price level, and Y is real GDP. Solving for P, we get P = (M*V)/Y. If we assume that V and Y are constant, a 9.6 percent increase in M would lead to a 9.6 percent increase in nominal GDP.

According to the Simple Quantity Theory of Money, a Change