"What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money"

In this quote, Arthur Laffer is going over the relationship in between the price of items and unemployment. He describes that when there is more cash and less products, the quantity of dollars per good increases. This is since there are less goods and more cash, so the rate of items boosts. This boost in the rate of goods has absolutely nothing to do with unemployment, other than that less goods implies less tasks. This suggests that when there is a boost in the money supply, it can result in an increase in the price of items, which can cause a decline in employment.