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This relationship is generally described as the 'quantity theory of money'.
This can be most easily seen with the quantity theory of money equation given above.
You are basing your statement on the Quantity theory of money.
Initially, the relationship between price level and output was explained by the quantity theory of money.
It was later applied to the problem of the Quantity theory of money.
What they have tried to do is make the old quantity theory of money operational for forecasting prices in the long run.
These ideas, embodied in the so-called quantity theory of money, dominated economic thinking until the 1930s.
Enter the quantity theory of money in its simplest guise.
Bodin laid the foundation for the "quantity theory of money."
He also formulated a version of the quantity theory of money.
He advocated the quantity theory of money, that general prices are determined by money.
Through the quantity theory of money, increases in the money supply lead to inflation.
The quantity theory of money dominated macroeconomic theory until the 1930s.
That relation between money and prices is historically associated with the quantity theory of money.
The quantity theory of money forms a special case of this general theory.
Milton Friedman updated the quantity theory of money to include a role for money demand.
Currently, the quantity theory of money is widely accepted as an accurate model of inflation in the long run.
This view, while inconsistent with the quantity theory of money, is consistent with the real bills doctrine.
The quantity theory of money was particularly influential prior to World War II.
The quantity theory of money is most often expressed and explained in mainstream economics by reference to the equation of exchange.
Laughlin's main interest was in currency questions; he was a strong opponent of the quantity theory of money.
His research on the quantity theory of money inaugurated the school of macroeconomic thought known as "monetarism."
As predicted by the textbook quantity theory of money, this practice devalued the Zimbabwean dollar and caused hyperinflation.
The quantity theory of money holds that changes in price level are directly related to changes in the money supply.
In monetary economics, the quantity theory of money is the theory that money supply has a direct, proportional relationship with the price level.