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单词 quantity equation
释义 quantity equation

An equation relating the price level and the quantity of money. The standard formulation of this is MV = PT, where M is the quantity of money, V is the velocity of circulation, P is the price level, and T is the volume of transactions. A standard form of the quantity theory of money urges that at any given time, T is determined by supply-side factors, and V is determined by the legal status and habitual working of monetary institutions, so that the price level P is proportional to the money supply, M.

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更新时间:2025/1/22 19:08:54