Qualified 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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-. ''Professional competence.''
+''Economics''.
+A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation.
-Having relevant professional qualifications or other experience or eligibility.
+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.
-. ''Reporting and financial reporting.''
+== See also ==
+* [[Fisher's equation]]
-Diluted, especially in relation to a formal statement, for example an audit report.
-==See also==
-*[[ACT Competency Framework]]
-*[[Financial reporting]]
-*[[Freedom of Information]]
-*[[Qualifications]]
-*[[Qualified audit report]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:The_business_context]]