Given the equation of exchange, MV=PQ, decreasing the money supply when the economy is at full employment should lead primarily to a decrease in the:
A) price level.
B) economy's total output.
C) level of unemployment.
D) all of the above.

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The Answer of Given the equation of exchange, MV=PQ, decreasing the money supply when the economy is at full employment should lead primarily to a decrease in the:
A) price level.
B) economy's total output.
C) level of unemployment.
D) all of the above.

Given the Equation of Exchange, MV=PQ, Decreasing the Money Supply