To what extent does the quantity theory of money provide a realistic view of inflation?© BrainMass Inc. brainmass.com March 4, 2021, 5:38 pm ad1c9bdddf
Quantity Theory of Money: A theory that states a given percentage change in the money supply leads to an equal percentage change in nominal gross domestic product.
This theory is derived from the "equation of exchange": M*V = P*Q, where M is the money supply, V is the ...
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