If velocity v and aggregate output y remain constant at 4, Business Economics

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If velocity v and aggregate output y remain constant at 4

If velocity ?(V) and aggregate output ?(Y) remain constant at $4 and $1,000 billion?, ?respectively, what happens to the price level ?(P) if the money supply? (M) declines from $425 billion to $350 billion?? Originally, what is the price level?

?(Round your response to two decimal? places)

After the money supply? decreases, what is the price level?

?(Round your response to two decimal places?.)

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