Dictionary

quantity theory

noun

Definition of QUANTITY THEORY

:  a theory in economics: changes in the price level tend to vary directly with the amount of money in circulation and the rate of its circulation

First Known Use of QUANTITY THEORY

1888

Browse

Next Word in the Dictionary: quantizePrevious Word in the Dictionary: quantity surveyorAll Words Near: quantity theory
July 03, 2015
interpellate Hear it
to formally question a public official
Take a 3-minute break and test your skills!
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears