Oakland Community College Quantity Theory of Money Worksheet

Description

The Quantity Theory of Money – (watch video part 1) Click Here

What is the quantity theory of money?
What is the equation of the quantity theory of money?
What does each variable stand for in the equation?
What does each side of the equation equal after multiply the variables?
What is the velocity of money?
Is M x V a buyer or seller perspective?
Is P x Y a buyer or seller perspective?

The Causes of Inflation (watch video part 2) Click Here

What are the possible changes in the quantity theory of money to inflation?
Of the four variables (MxV=PxY), which are the most stable and which fluctuate easily?
How many times on average has money been used to domestically purchase goods and services?
Since V and Y are stable, what causes P to change? Explain why this is?
Using the example of Peru, explain how the M (money supply) and P (inflation) caused hyperinflation.
What are the 3 principles (or big takeaways) from the quantity theory of money and its correlation to inflation?

Explanation & Answer:

Worksheet

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