Other things equal, an excessive increase in the money supply will

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An excessive increase in the money supply will lead to inflation, which causes a decrease in the purchasing power of each dollar. This is because as the money supply increases, there is an excess of dollars in circulation, which leads to an increase in demand for goods and services, driving up their prices. As prices increase, each dollar can purchase less, resulting in a decrease in purchasing power.

Other Things Equal, an Excessive Increase in the Money Supply