What is the quantity theory of money

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Reference no: EM131305560

1. What is the equation of exchange? Is the equation of exchange a theory? Briefly explain.

2. What is the quantity theory of money? What does the quantity theory indicate is the cause of inflation?

3. What is purchasing power? How is it affected by inflation?

4. What is a hyperinflation? What is the cause of hyperinflation?

Reference no: EM131305560

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