What Direction of Change in Velocity Could Explain the Price

question 189

Essay

What direction of change in velocity could explain the price level increasing by a smaller percentage than the money supply? What would this change in velocity imply about the frequency with which money changes hands?

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Definitions:

Experiential Immortality

The belief or feeling that one's actions, influences, or work will continue to have an impact after one's death.

Automatic Process

Mental activities that require minimal conscious thought, are typically rapid and efficient, and often occur without deliberate control or attention.

Domain-specific Adaptation

Adaptations or adjustments that are specific to particular areas or fields of activity.

Domain-general Adaptation

A concept referring to the ability or process of adjusting or conforming across various areas or situations, not limited to a specific field or domain.