In a numerical example,

the result gives when zero inflation rate m0=0.1667,

when 10% inflation rate m1=0.1244 and

when 100% inflation rate m2=0.08217.

Also y/m was 6 when zero inflation.

Then, when 10% inflation rate, y/m is 8.04 and

when 100% inflation rate, y/m will be 12.1701.

m= real money holdings.

y=output

How do you interpret the decreasing m and increasing y/m when inflation rate increases.