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The equation of exchange indicates that if velocity is steady, then a decreasing money supply will cause:
Social Life
Refers to the interactions, activities, and relationships individuals engage in with others within a community or society.
Karl Marx
A 19th-century philosopher and economist known for his theories on capitalism and communism.
Social Change
The transformation over time of societal norms, behaviors, values, and systems.
Conflict
A serious disagreement or argument, typically a protracted one, which can occur between individuals, groups, or nations.
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