[mon-i-tuh-riz-uh m, muhn-]
a doctrine holding that changes in the money supply determine the direction of a nation's economy.
Origin of monetarism
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
the theory that inflation is caused by an excess quantity of money in an economy
an economic policy based on this theory and on a belief in the efficiency of free market forces, that gives priority to achieving price stability by monetary control, balanced budgets, etc, and maintains that unemployment results from excessive real wage rates and cannot be controlled by Keynesian demand management
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