Quantity theory of money

From CNM Wiki
Jump to: navigation, search

Quantity theory of money is the doctrine emphasizing that changes in the quantity of money lead to changes in nominal expenditure. Quota]]. See import quota.

Definition

According to Macroeconomics by Mankiw (7th edition),

Quantity theory of money. The doctrine emphasizing that changes in the quantity of money lead to changes in nominal expenditure. Quota]]. See import quota.