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If the central bank increases the money supply in an economy by 3%, the velocity of money is constant, and the real GDP is also growing at 3%, then which of the following statements about the price level is true?
The change in the price level is 3%.
The change in the price level is 0%.
The change in the price level is 6%.
The change in the price level is −3%.
The change in the price level is 1%.

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tutorconsortium646

The pricing level has changed by 3%. The right response is A.

What does the word "price" mean?

Pricing's meaning:

The process of establishing a manufacturer's value in return for their goods and services is known as pricing. The producer utilizes a pricing plan to ensure that both the manufacturer and the consumer are satisfied with the price of its items.

What is price and how significant is it?

Pricing is one of the most important factors in the world of trade. Giving an item a value is necessary in order to set a price for it. When a product is purchased or sold, both the buyer taking it and the seller giving it away profit from its "value."

To know more about Pricing visit:

https://brainly.com/question/20703640

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