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Quantity theory of money (view source)

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In other words, this theory holds that a given percentage increase in the money supply will cause an equal percentage increase in the price level.

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Assumptions include a constant income velocity of circulation of the money, and a constant quantity of [[good]]s and services. [[Full employment]], or a tendency towards full employment, is also assumed.

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Assumptions include a constant [[income]] velocity of circulation of the money, and a constant quantity of [[good]]s and services. [[Full employment]], or a tendency towards full employment, is also assumed.

[[Category:Economics]]

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