When the currency loses value, causing people to spend it more quickly, this: October 5, 2022 by 8i9x6 has the same effect on inflation as an increase in money growth. has the same effect on inflation as a decrease in money growth. causes higher inflation but not as much as an increase in money growth would. causes even higher inflation than an increase in money growth would. See Answer has the same effect on inflation as an increase in money growth.