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Quantity Theory of Money: Its Explanation

by TopicBin - 02625
Quantity Theory of Money

The purpose of this article is to make you known the different versions of quantity theory of money along with underlying assumptions and flaws. Italian economist Davanzatti developed the quantity theory of money, and American economist Irving Fisher popularized it after his influential book "The

Gross Domestic Product and GDP Growth Rate

by TopicBin - 02180

This article intends to describe the meaning of Gross Domestic Product (GDP), illustration of GDP with hypothetical example, and GDP growth rate in very simple term so that any starter of macroeconomics could understand it clearly. If you are new to macroeconomics and want to

Say’s Law of Market

by TopicBin - 02151

Say's law of market is a very famous classical theory of employment. It is said that Say's law of market and the quantity theory of money are the two building blocks of complete classical theory of income determination. Say's law of market explains the supply

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