Mutual inductance \( M \) is a measure of the ability of one current-carrying conductor to induce a current in another conductor.
For a square loop moving away from a long current-carrying conductor, the mutual inductance is given by:
\( M = \mu_0 N \frac{a^2}{2R} \)
where \( a \) is the side length of the square loop,
\( R \) is the distance between the conductor and the loop, and
\( N \) is the number of turns.
As the square loop moves away from the conductor, the distance \( R \) increases, resulting in a decrease in mutual inductance over time.