If policies of the Fed cause the money supply to increase, and ...

[kfurse]

If policies of the Fed cause the money supply to increase, and velocity is held constant, the expected outcome would be:
 a. P Q would increase, and the general price level would increase if Q remained constant.
  b. P Q would decrease, and the general price level would decrease if Q remained constant.
  c. P Q would decrease, and the general price level would increase if Q increased.
 d. insufficient information is available to arrive at a conclusion.

Question 2

Economic growth in any country is reflected by an increase in real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

[Galvarado142]

Answer to Question 1

a

Answer to Question 2

True

[kfurse]

Thanks for the timely response, appreciate it

[matt95]

Great answer, keep it coming