Equations for quantity theory of money by different economists! 1. The Cambridge Equation: The Cambridge economists explained their cash-balance approach to the quantity theory of money by formulating equations known as Cambridge equations. The Marshallian cash-balance equation is expressed as follows: M = KPY where, M is the quantity of money (currency plus demand deposits); P is the price level; [...]
Here is a compilation of term papers on the ‘Quantity Theory of Money’ for class 9, 10, 11 and 12. Find paragraphs, long and short term papers on the ‘Quantity Theory of Money’ especially written for school and college students. Quantity Theory on Money Term Paper Contents: Term Paper on the Quantity Theory of Money Term Paper on the Different [...]
In this article we will discuss about the quantity theory of money. Also learn about its criticisms and merits. The relation between money supply and the general price level has been of interest even to classical economists. And, in order to show the relation between the two variables David Hume first tried to develop the quantity theory of money. The [...]