Qualifications and Quantity theory of money: Difference between pages

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.

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+''Economics''.
+A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation.
-Official records of passing an assessment or completing a course of training or education.
+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.
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+== See also ==
+* [[Fisher's equation]]
-Criteria which must be satisfied to be eligible for a position, or for particular treatment, for example in tax or financial reporting.
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-Limitations or conditions placed on an official statement or permission.
-==See also==
-*[[Qualified]]
-*[[Qualifying expenditure]]
-*[http://www.treasurers.org/qualifications The ACT's qualifications]