hbj Cash Balance Approach of Quantity Theory of Money Introduction: • The Cambridge cash balance approach is a version of quantity theory of money. • It. http://slidehot.com/resources/cash-balance-approach-of-quantity-theory-of-money.16873/
When this little red line starts to go up, you will get inflation. #velocityofmoney "According to the quantity theory of money, if the quantity of money goes up, then inflation goes up, as long as real GDP growth and what is called the velocity of money (the amount of times you use money) is held constant." source: .testosteronepit.com
Mikołaj Kopernik 19.02.1473 – 24.05.1543, was a Renaissance mathematician & astronomer who formulated a heliocentric model of d universe. Publication of Copernicus' book, De revolutionibus orbium coelestium, just before his death in 1543, is considered a major event in d history of science. He had a doctorate in canon law & though without degrees, was a physician, polyglot, classics scholar, translator, governor, diplomat & economist who in 1517 set down a quantity theory of money.
The Cambridge equation formally represents the Cambridge cash-balance theory, an alternative approach to the classical quantity theory of money. Both quantity theories, Cambridge and classical, attempt to express a relationship among the amount of goods produced, the price level, amounts of money, and how money moves. The Cambridge equation focuses on money demand instead of money supply.
Copernicus was born and died in Royal Prussia, a region of the Kingdom of Poland since 1466. Copernicus had a doctorate in canon law and, though without degrees, was a physician, polyglot, classics scholar, translator, governor, diplomat, and economist who in 1517 set down a quantity theory of money, a principal concept in economics to the present day, and formulated a version of Gresham's Law in the year 1519, before Gresham.