Quantity theory of money: Difference between revisions
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imported>Doug Williamson (Undo revision 17647 by Doug Williamson (talk)) |
imported>Doug Williamson (Remove detail which also appears in linked page Fisher's equation, but no change to 'Moneterists believe...') |
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A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation. | A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation. | ||
Monetarists believe that it is the amount of money in circulation which has the biggest effect on price levels and inflation rates. | Monetarists believe that it is the amount of money in circulation which has the biggest effect on price levels and inflation rates. | ||
Revision as of 15:07, 18 March 2015
Economics.
A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation.
Monetarists believe that it is the amount of money in circulation which has the biggest effect on price levels and inflation rates.
