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| 9338431735 | quantity theory of money | a theory asserting that the quantity of money available determines the price level and that the growth rate in the quantity of money available determines the inflation rate. | 0 | |
| 9338431736 | nominal variables | variables measured in monetary units. | 1 | |
| 9338431737 | real variables | variables measured in physical units. | 2 | |
| 9338431738 | classical dichotomy | the theoretical separation of nominal and real variables. | 3 | |
| 9338431739 | monetary neutrality | the proposition that changes in the money supply do not affect real variables. | 4 | |
| 9338431740 | velocity of money | the rate at which money changes hands. | 5 | |
| 9338431741 | quantity equation | the equation M × V = P × Y, which relates the quantity of money, the velocity of money, and the dollar value of the economy's output of goods and services. | 6 | |
| 9338431742 | inflation tax | the revenue the government raises by creating money. | 7 | |
| 9338431743 | Fisher effect | the one-for-one adjustment of the nominal interest rate to the inflation rate. | 8 | |
| 9338431744 | shoeleather costs | the resources wasted when inflation encourages people to reduce their money holdings. | 9 | |
| 9338431745 | menu costs | the costs of changing prices. | 10 |
