If V is constant and Y is fixed, any change in M A) leads to a ...

[jerry coleman]

If V is constant and Y is fixed, any change in M
 
  A) leads to a smaller change in P. B) leads to a proportionate change in P.
  C) leads to a larger change in P. D) does not lead to change in P.

Question 2

Suppose that real GDP starts at 100 and grows at a rate of 10 percent per year for two years. In the third year real GDP would be
 
  A) 110. B) 110.1. C) 120. D) 121.

[juwms]

Answer to Question 1

B

Answer to Question 2

D