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(a) What is the quantity equation?
(b) If the velocity of money is constant and the economy is operating below capacity, what impact will an increase in the money supply have?
Conformity
The act of matching attitudes, beliefs, and behaviors to what people perceive as normal to a specific society or social group.
Social Norms
The attitudes and standards of behavior expected of members of a particular group.
Conformity
The practice of aligning one's attitudes, beliefs, and actions with those of a group or conforming to its norms and politics.
Solomon Asch
A psychologist known for his research on conformity, demonstrating how group pressure can influence individual judgments.
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