Normally the entire effect would so express itself, but transitionally there will be also some increase in the Q's.
"The Value of Money"
Benjamin M. Anderson, Jr.
It would make no difference, however, if trade were reduced either transitionally or normally, since the point at issue is the possibility of a rise in prices originating from causes outside the equation of exchange, and compelling a readjustment of a permanent character in the other factors of the equation.
"The Value of Money"
Benjamin M. Anderson, Jr.