quantity theory


noun

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

QUIZZES

GEE WHILLIKERS! WAIT TILL YOU SEE THIS WORD OF THE DAY QUIZ!

Do you remember all the words from last week, September 21–27, 2020? Then this quiz should be butyraceous.
Question 1 of 7
What does “yare” mean?
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012