quantity theory of money

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Economic theory claiming that an increase in the amount of money in circulation causes a proportionate increase in prices. The theory dates from the 17th century and was elaborated by the US economist Irving Fisher (1867-1947).
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Submitted by Robert_Haigh on July 16, 2020

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"quantity theory of money." Phrases.com. STANDS4 LLC, 2020. Web. 12 Aug. 2020. <https://www.phrases.com/phrase/quantity-theory-of-money_62316>.

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