If the money supply increased by 10% and at the same time velocity decreased by 10%, then according to the quantity equation there would be no change in the price level

Refer to Figure 4-3. What is the total amount that Kendra is willing to pay for 3 ice cream cones?

A) $2.50 B) $7.50 C) $9.00 D) $13.50

In the long run, inflation is caused by

A) aggressive labor unions. B) greedy monopolists. C) growth in the money supply. D) global warming.