Consider a simple economy that produces only pies. In 2015, the money supply was $240, the price of a pie was $120, and the economy produced 500 pies. Suppose that in 2016, money supply increased to $252 but the quantity of output and velocity of money remained unchanged. What was the percentage change in moneyipply and in the price level? Select one: 0 a. Money supply increased by 5% while the price level decreased by 5% O b, Money supply increased by 5% while the price level increased by 5% O c. Money supply increased by 5% while the price level decreased by 10% Q d. Money supply increased by 5% while the price level increased by 10% O 4-7 Fir