quantity theory

noun

1. economics a theory stating that the general price level varies directly with the quantity of money in circulation and the velocity with which it is circulated, and inversely with the volume of production expressed by the total number of money transactions

Example Sentences

The quantity theory has, unfortunately, been made the basis of arguments for unsound currency schemes.

From Project Gutenberg

The quantity theory will be made more clear by the equation of exchange, which is now to be explained.

From Project Gutenberg

There is nothing whatever in the plan itself which could not be accepted by those who reject the quantity theory altogether.

From Project Gutenberg

It is true that many writers still oppose the quantity theory.

From Project Gutenberg

There is no such a priori simplicity as the quantity theory deals with.

From Project Gutenberg