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单词 quantity theory
释义

quantity theory

(also the quantity theory of money)
noun [mass noun] Economics
The hypothesis that changes in prices correspond to changes in the monetary supply.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.
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