Between 1970 and the present, research comparing similar wealthy countries found that increases in the money supply:

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Research comparing similar wealthy countries between 1970 and the present has generally found that increases in the money supply and increases in the price level were roughly proportional, aligning with the quantity theory of money. This theory suggests that a change in the money supply has a direct, proportional effect on the price level, assuming velocity of money and real GDP are constant.

Between 1970 and the Present, Research Comparing Similar Wealthy Countries