quantity theory of money meaning

WQuantity theory of money
  • In monetary economics, the quantity theory of money states that money supply has a direct, proportional relationship with the price level.
  • The theory was challenged by Keynesian economics, but updated and reinvigorated by the monetarist school of economics.
  • Alternative theories include the real bills doctrine and the more recent fiscal theory of the price level.
  • Part-of-Speech Hierarchy
    1. Nouns
      • Singularia tantum
        • Uncountable nouns
    Source: Wiktionary

    Meaning of quantity theory of money for the defined word.

    Grammatically, this idiom "quantity theory of money" is a noun, more specifically, a singularia tantum.
    Definiteness: Level 1
    Definite    ➨     Versatile