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4.2.3 Economic performance
4.2.3.3 Inflation and deflation
Quantity Theory of Money in relation to the monetarist model
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The quantity theory of money states that the only cause of
inflation
is due to the
excessive
growth
in the
supply
of
money
What is the quantity theory of money?
The quantity theory of money states that the only cause of
inflation
is due to the
excessive growth
in the
supply
of
money