Klasická poptávka po penězích ve standardním modelu nabídky a poptávky
Classical demand for money in the standard supply-demand model
Petr Mach
Politická ekonomie, 2001, vol. 2001, issue 5
Abstract:
The quantity theory of money is applied in this article to define aggregate demand as a rectangular hyperbola that describes combinations of price level for different levels of real product with given quantity of money. The real product is measured on the X-axis as a quantity of composite goods. The Y-axis measures the price level, i.e. units of money per a composite good. Demand for money is defined as an analogous situation. The X-axis measures units of money, and the Y-axis measures the
Keywords: demand for money; aggregate demand; price level; purchasing power; quantity theory of money (search for similar items in EconPapers)
Date: 2001
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DOI: 10.18267/j.polek.332
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