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Revision:Classical Monetary Theory - The Traditional Quantity Theory
From The Student RoomTSR Wiki > Study Help > Subjects and Revision > Revision Notes > Economics > Classical Monetary Theory - The Traditional Quantity Theory The Transactions ApproachFischer equation: where:
The Cambridge Cash Balance Approach(Doesn’t seem esp. imp)
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,
= Money stock;
= velocity of circulation (average no of times each monetary unit is utilised in a given accounting period);
= general P level;
= total no of transactions.





