TERMIUM Plus^®

Fiche 1,  Justifications,  Anglais

Record number: 1, Textual support number: 1 OBS

(...) If 1970 M [the money supply] is six times 1939 M, then an adherent of what can be called the "crude Quantity Theory of Money and Prices" would have to predict that the 1970 price level P should be almost exactly six times 1939 P. The fact that prices have less than tripled in that period would be a refutation of this crude notion that the price level moves in direct proportion to the money supply.  1, fiche 1, Anglais, - crude%20Quantity%20Theory%20of%20Money%20and%20Prices

Fiche 1,  Justifications,  Français

Fiche 1,  Justifications,  Espagnol