It's true. At its most simple, the Price level can be though of as (Quantity of Money) / (Quantity of Goods), and all goods' prices more or less rise and fall w

It's true. At its most simple, the Price level can be though of as (Quantity of Money) / (Quantity of Goods), and all goods' prices more or less rise and fall with the Price level. Don't forget, though, that some of the goods purchased by people with newfound spending power might be imported (thus increasing the denominator in that equation and lowering the price level), some of the money might be saved or invested abroad (lowering the numerator in that equation), or it might have some stimulative effect on the economy (one can only hope!), thus raising the denominator. The net effect will probably still be inflation, especially in the short term, but with the poorer population having a greater share of the purchasing power.