In hyperinflationary situations, one might expect there to be bi-causality between inflation and the velocity of money.

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Quizplus · Accepted Answer

In hyperinflationary situations, the velocity of money tends to increase as people try to quickly spend their money before it loses even more value, which in turn can further fuel inflation. Therefore, there is bi-causality between inflation and the velocity of money in such situations.

In Hyperinflationary Situations, One Might Expect There to Be Bi-Causality