Answer :
An increase in velocity would result in an increase in the price level for a given level of money and real GDP. True
According to the quantity theory of money, the amount of money in an economy and the level of prices of goods and services sold have a direct relationship.
We have the phisher equation, which is M * V = P* T.
V denotes the velocity of circulation.
As a result, an increase in V leads to an increase in P, which is the price level.
Money velocity is a measurement of how quickly money is exchanged in an economy. It is the amount of money transferred from one entity to another. Money velocity is also the amount of money that is spent in a given time period. Simply put, it is the rate at which an economy's consumers and businesses spend money collectively.
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