In economies with persistently high inflation, an increase in the money supply:

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In economies with persistently high inflation, there is a faster price adjustment process, which means that an increase in the money supply will quickly increase the aggregate price level. This is due to the fact that individuals and firms are already anticipating inflation and adjust their behavior accordingly, leading to a faster price response to changes in the money supply.

In Economies with Persistently High Inflation, an Increase in the Money