quantity theory of money sentence in Hindi
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- Lerner used the quantity theory of money to decompose the inflation in the Confederacy during the war into that resulting from increases in money supply, changes in the velocity of money, and the change in real output of the Southern economy.
- The aforementioned microeconomic concepts play a major part in macroeconomic models for instance, in monetary theory, the quantity theory of money predicts that increases in the money supply increase inflation, and inflation is assumed to be influenced by rational expectations.
- Polish economist MichaB Kalecki emphasized the centrality of the distinction of stocks and flows, caustically calling economics " the science of confusing stocks with flows " in his critique of the quantity theory of money ( circa 1936, frequently quoted by Joan Robinson ).
- Economists of the monetarist school hold that the ability of a maximum wage to limit inflation is false; instead they believe that inflation is controlled by growth in the money supply according to the quantity theory of money, rather than through growth in actual wages.
- In monetary economics, the "'quantity theory of money "'( "'QTM "') states that the general price level of goods and services is directly proportional to the amount of money in circulation, or money supply.
- Those favoring a quantity theory of money have tended to believe that, in the absence of inflationary or deflationary expectations, velocity will be technologically determined and stable, and that such expectations will not generally arise without a signal that overall prices have changed or will change.
- Copernicus was involved not only in natural science and natural philosophy but also by his postulation of a quantity theory of money and of " Gresham's Law " ( in the year, 1519, of Thomas Gresham's birth ) in the philosophy of man.
- Marx did not reject the basic concept of the Quantity Theory of Money, but rejected the notion that each of the four elements were equal, and instead argued that the quantity of commodities and the price of commodities are the determinative elements and that the volume of money follows from them.
- Economists associated with Cambridge University, including Alfred Marshall, A . C . Pigou, and John Maynard Keynes ( before he developed his own, eponymous school of thought ) contributed to a quantity theory of money that paid more attention to money demand than the supply-oriented classical version.
- Using a theory called the quantity theory of money, Hume argued that in countries where the quantity of money increases, inflation would set in and the prices of goods and services would tend to rise while in countries where the money supply decreases, deflation would occur as the prices of goods and services fell.
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