If a change in MV in the quantity equation leads to a change in P but no change in Y, then

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The quantity equation is MV = PY, where M is the money supply, V is the velocity of money, P is the price level, and Y is the real output. If a change in MV leads to a change in P but no change in Y, it implies that the economy is at full capacity or full employment, where increases in aggregate demand only lead to increases in prices but not in output. This situation is represented by a vertical Aggregate Supply (AS) curve, indicating that the economy's output is at its maximum sustainable level and cannot increase further in the short run, regardless of changes in the price level.

If a Change in MV in the Quantity Equation Leads