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Suppose monetary neutrality holds and velocity is constant.A 4 percent increase in the money supply
Marx
Refers to Karl Marx, a 19th-century philosopher, economist, and social scientist whose work in economics laid the foundation for much of the current understanding of labor and its relation to capital.
Social Contract
The social contract is a theory in political philosophy suggesting that people live together in society in accordance with an agreement that establishes moral and political rules of behavior.
Rousseau
Jean-Jacques Rousseau, an influential 18th-century philosopher known for his contributions to political philosophy, education, and literature.
Looking Glass
A metaphorical concept describing how an individual's self-understanding is shaped by how others perceive them.
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