Fisher Version of Quantity Theory of Money (HINDI)
Автор: E.Z. Classes
Загружено: 2020-03-22
Просмотров: 93406
Fisher attached emphasis on the use of money as a medium of exchange. The quantity theory of money states that money supply and price level in an economy are in direct proportion to one another. When there is a change in the supply of money, there is a proportional change in the price level and vice-versa.
M*V= P*T
where,
M = Money supply
V = Velocity of money
P = General Price level
T = volume of the transactions
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