Quantity theory: The quantity theory of money (QTM) is a macroeconomic theory that states that the general price level of goods and services is directly proportional to the amount of money in circulation, or money supply. See also Monetarism, Price, Markets._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |