Politická ekonomie 2001, 49(5) | DOI: 10.18267/j.polek.332

Klasická poptávka po penězích ve standardním modelu nabídky a poptávky

Petr Mach

Classical demand for money in the standard supply-demand model

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

Published: October 1, 2001  Show citation

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Mach, P. (2001). Classical demand for money in the standard supply-demand model. Politická ekonomie, 49(5), . doi: 10.18267/j.polek.332
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