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

Examples of quantity theory in a Sentence

Recent Examples on the Web

Writing on a tablecloth, Jackman and Savouri turned to the quantity theory of money. Lionel Laurent, Bloomberg.com, "What Bitcoin Is Really Worth May No Longer Be Such a Mystery," 19 Apr. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'quantity theory.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of quantity theory

1888, in the meaning defined above

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The first known use of quantity theory was in 1888

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