Terms
45 new/unreviewed 45 total
Term
What does the quantity theory of money explain?
Definition
It explains how the nominal value of aggregate income is determined by the money supply....
New/Unreviewed
Term
Who developed the quantity theory of money?
Definition
Classical economists, notably Irving Fisher....
New/Unreviewed
Term
What is the equation of exchange?
Definition
M × V = P × Y....
New/Unreviewed
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