Nominal GDP is another term for

Using the quantity equation MV = PY, which of the following might happen if the money supply increases?

A. Velocity is constant, prices rise, and total is constant. B. Velocity increases, prices are constant, and total output is constant. C. Velocity is constant, prices fall, and total output is constant. D. Velocity rises, prices fall, and total output is constant.

Social inequalities disappear when income inequalities are eliminated

Indicate whether the statement is true or false