(also the quantity theory of money)
sustantivo[mass noun] Economics
The hypothesis that changes in prices correspond to changes in the monetary supply.
Más ejemplos en oraciones
- If these two variables were assumed to remain constant, then the simple quantity theory would predict the price level to change in proportion to a change in the money supply.
- The correlation between price level and money supply is determined by the quantity theory of money.
- Traditionally, classical economists supported the quantity theory of money as explaining price levels.
Más definiciones de quantity theoryDefinición de quantity theory en:
- el diccionario Inglés de EE.UU.