Again, usually. Hasn't really been happening over the last few years in the US and Europe. Presumably we just wait for some arbitrary long period until inflatio

Again, usually. Hasn't really been happening over the last few years in the US and Europe. Presumably we just wait for some arbitrary long period until inflation starts to rise again? Does the theory tell us how long? The reason you even have to ask this question is because you don't understand MV = PQ.