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

Words Nearby quantity theory

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How to use quantity theory in a sentence

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

    Readings in Money and Banking | Chester Arthur Phillips
  • The quantity theory will be made more clear by the equation of exchange, which is now to be explained.

    Readings in Money and Banking | Chester Arthur Phillips
  • There is nothing whatever in the plan itself which could not be accepted by those who reject the quantity theory altogether.

    Readings in Money and Banking | Chester Arthur Phillips
  • It is true that many writers still oppose the quantity theory.

    Readings in Money and Banking | Chester Arthur Phillips
  • There is no such a priori simplicity as the quantity theory deals with.

    The Value of Money | Benjamin M. Anderson, Jr.