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What is the traditional quantity theory of money and what is the basic idea?
What is the traditional quantity theory of money and what is the basic idea?
The cash balance theory is a cash balance theory based on the money demand theory of the traditional quantity theory of money - Cambridge Equation 1. The main points of the cash balance theory: (1) Under normal circumstances, people put part of their property and income in the form of money. held, while the other part is held in non-monetary form.
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