2 The Quantity Theory of Money,cont. The result from the △M △Y preceding slide was: M P Let n (Greek letter "pi") △P π denote the inflation rate: Solve this result △M △Y forπto get π M CHAPTER 7 Money and Inflation slide 19CHAPTER 7 Money and Inflation slide 19 The Quantity Theory of Money, cont. Let  (Greek letter “pi”) denote the inflation rate: M P Y M P Y    = + P P   =    = − M Y M Y The result from the preceding slide was: Solve this result for  to get 2