The quantity theory of money is primarily a theory of demand for money is stated by:
A)Marshall
B)Fisher
C)Keynes
D)Friedman

Question

Quizplus · Accepted Answer

The quantity theory of money, as primarily a theory of the demand for money, is most closely associated with Milton Friedman. Friedman argued that the demand for money is a function of several variables including the level of income, the interest rate, and the price level, emphasizing the role of money's purchasing power and the public's desire to hold money.

The Quantity Theory of Money Is Primarily a Theory of Demand