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tekilochka [14]
2 years ago
5

8.08 cover letter what do i do

English
1 answer:
Karolina [17]2 years ago
3 0

search up 8.08 cover letter on yt and you should find the answer :)

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(a) Explain the quantity theory and (b) how does the theory explains the cause of inflation​
Umnica [9.8K]

Answer:

Kindly check explanation

Explanation:

The quantity theory generally represented by the formula:

MV = PT

Where ;

M, money supply, that is monet in the economy

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P ; average price level

T ; volume of transactions, good and services transacted in. the economy

​

The quantity theory explains how variation in the quantity of money in circulation within an economy causes variation in the price level of goods and services.

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