From 1929 to 1933, GNP in the U.S. dropped from $104 billion to $58 billion. What explanation would the quantity theory suggest for this decline?

The wrong amount of government spending
Instability of velocity
The stock market crash of 1929
A reduction of money stock
Instability of the market system

If technology and resources increase, the quantity theory of money leads us to expect:

higher prices.
lower prices.
no change in prices but more output.

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