According to the views of the Classical economists,if the money supply doubles,

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According to the Quantity Theory of Money, which is a theory by Classical economists, there is a direct relationship between the money supply and price level. The equation of exchange, MV=PY, states that the money supply (M) multiplied by the velocity of money (V, which is assumed to be constant in the short-run) equals the price level (P) multiplied by real GDP (Y). If the money supply doubles (M increases), and assuming there is no change in velocity or real GDP, then the price level (P) must also double, resulting in a doubling of money prices.

According to the Views of the Classical Economists,if the Money