Homework answers / question archive / please answer simply so that i can understand this What does the quantity theory of money predict to happen to the price level after a large increase in the amount of money in the economy, and no subsequent change in the level of output or the velocity of money? How will your answer change if there is a simultaneous drop in the velocity of money? Explain

please answer simply so that i can understand this What does the quantity theory of money predict to happen to the price level after a large increase in the amount of money in the economy, and no subsequent change in the level of output or the velocity of money? How will your answer change if there is a simultaneous drop in the velocity of money? Explain

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please answer simply so that i can understand this What does the quantity theory of money predict to happen to the price level after a large increase in the amount of money in the economy, and no subsequent change in the level of output or the velocity of money? How will your answer change if there is a simultaneous drop in the velocity of money? Explain.