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へいすうりょうせつ 貨幣数量説
Noun
1. quantity theory of money
Wikipedia definition
2. Quantity theory of moneyIn monetary economics, the quantity theory of money is the theory that money supply has a direct, proportional relationship with the price level. The theory was challenged by Keynesian economics, but updated and reinvigorated by the monetarist school of economics. While mainstream economists agree that the quantity theory holds true in the long run, there is still disagreement about its applicability in the short run.
Read “Quantity theory of money” on English Wikipedia
Read “貨幣数量説” on Japanese Wikipedia
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