Question

What is quantity theory of money in transactions form and in income form?​

Answer 1

Answer:

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In monetary economics, the quantity theory of money (QTM) states that the general price level of goods and services is directly proportional to the amount of money in circulation, or money supply.

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Answer 2

Answer:

The quantity theory of money seeks to explain the factores thatdetermine the general price level in an economy. According to this theory, the supply of money directly determines the price level. in this article, we will look at the transaction approach and the cash balance approach of the quantity theory of money.