eugeneakuffo113 eugeneakuffo113

17-02-2021
Business

contestada

(a) Explain the quantity theory and
(b) how does the theory explains the cause of inflation

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miyah2554 miyah2554

17-02-2021

The quantity theory is a framework to understand price changes in relation to the supply of money in an economy.

It assumes an increase in money supply creates inflation and vice versa.

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