Posted inEconomics
Determinants of demand
There are many factors other than price that can affect the level of quantity demanded.…
Posted inEconomics
Forms of Inflation
Inflation may be of different forms, such as: Demand Pull Inflation • When in an…
Posted inEconomics
The Quantity Theory by Keynes
• Keynes reformulated the Quantity Theory of Money. • In his opinion the quantity of…
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Cash Balance Approach
• It states that it is not total money but that portion of cash balance…
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QUANTITY THEORY OF MONEY
Quality theory of Money can be analysed by two different approaches: (1) Fisher’s Theory (2)…
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GRESHAM’S LAW
he Law states that bad money drives good money out of circulation. This is true…
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Value & Forms of Money
Value of Money • It means Exchange Value. • It implies how much of goods…
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MONEY Definition
• A medium of exchange. • With the help of money any exchange of goods and services…