  Economics: The Quantity Theory of Money    You Might Also Like
About this Lesson    • Type: Video Tutorial   • Length: 11:58
• Media: Video/mp4   • Use: Watch Online & Download   • Access
Period: Unrestricted   • Download: MP4 (iPod compatible)   •
Size: 128 MB   • Posted: 03/29/2010  This lesson is part of the
following series:  Economics: Full Course (269 lessons, $198.00)
Economics: Inflation (6 lessons, $9.90)    About this Author
2174 lessons     Recent Reviews    We've talked about output,
we've talked about unemployment, and we've talked about
inflation. Now it's time to construct a story that begins to fit
together all of these variables in the macroeconomy. In this
discussion, we're going to be building what I think is the
simplest model in macroeconomics. It's great though because it
shows a simple relationship between money, output, and prices -
three of the most important variables in describing the
macroeconomy. The model is called the quantity theory of money,
and it begins with a very sim