| 11. | The quantity theory of money holds that changes in price level are directly related to changes in the money supply.
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| 12. | Currently, the quantity theory of money is widely accepted as an accurate model of inflation in the long run.
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| 13. | Friedman developed his own quantity theory of money that referred to Irving Fisher's but inherited much from Keynes.
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| 14. | Fisher espoused a more succinct explanation of the quantity theory of money, resting it almost exclusively on long run prices.
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| 15. | The quantity theory of money was a central part of the classical theory of the economy that prevailed in the early twentieth century.
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| 16. | He also, in 1517, set down a quantity theory of money, a principal concept in economics to the present day.
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| 17. | John Maynard Keynes criticized the quantity theory of money in " The General Theory of Employment, Interest and Money ".
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| 18. | In the quantity theory of money, this is expressed as MV = PY, where money supply times velocity equals price times output.
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| 19. | He was an acute critic of nearly all other writers on money, and especially of Irving Fisher and his mechanical quantity theory of money.
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| 20. | The quantity theory of money, simply stated, says that any change in the amount of money in a system will change the price level.
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