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what is the austrian hypothesis regarding the supply of money changes flowing through to overall price changes in the economy?
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Assuming no changes in the demand for money, the case of moeny supply changes and the process by which they effect prices is not so simple.
Price changes do not occur homogeneously in space or time. This dissemenation starts with those who receive the cheap loans/cash first and ends with those who have cheapened purchasing power last. How the money is loaned out, spent, different policies, and numerous other factors can effect the way the dissemenation occurs. In general, more efficient and global markets realize price changes faster. Some other generalized things can be deciphered but in general there is no way to predict the specific flow of price changes due to monetary distortions.
Something you may find interest...
Austrian Definitions of the Supply of Money by Rothbard:
http://72.14.253.104/u/Mises?q=cache:0n5...=2&ie=UTF-8