Psychometrics and Quantity theory of money: Difference between pages

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''Behavioural skills - metrics.''
''Economics''
A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation.


Psychometrics is the science of measuring psychological capacities and processes.
It is defined as: P = MV/T, where P = price level, M = amount of money in circulation, V = velocity of circulation and T = volume of transactions.  


Monetarists believe that it is the amount of money in circulation which has the biggest effect on price levels and inflation rates.


==See also==
== See also ==
* [[16PF]]
* [[Fisher's equation]]
* [[ACT Competency Framework]]
* [[Agile]]
* [[Behavioural skills]]
* [[Belbin team roles]]
* [[CliftonStrengths]]
* [[DiSC]]
* [[Emotional intelligence]]
* [[Gravitas]]
* [[Lumina Spark]]
* [[Metric]]
* [[Myers-Briggs]]
* [[Psychometric profiling]]
* [[Working effectively with others]]


[[Category:Commercial_drive_and_organisation]]
[[Category:Influencing]]
[[Category:Self_management_and_accountability]]
[[Category:Working_effectively_with_others]]
[[Category:Planning_and_projects]]
[[Category:The_business_context]]

Revision as of 14:20, 23 October 2012

Economics. A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation.

It is defined as: P = MV/T, where P = price level, M = amount of money in circulation, V = velocity of circulation and T = volume of transactions.

Monetarists believe that it is the amount of money in circulation which has the biggest effect on price levels and inflation rates.

See also