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 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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