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Klasická poptávka po penězích ve standardním modelu nabídky a poptávky
[Classical demand for money in the standard supply-demand model]

Author

Listed:
  • Petr Mach

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

Suggested Citation

  • Petr Mach, 2001. "Klasická poptávka po penězích ve standardním modelu nabídky a poptávky [Classical demand for money in the standard supply-demand model]," Politická ekonomie, Prague University of Economics and Business, vol. 2001(5).
    • Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:5:id:332
    DOI: 10.18267/j.polek.332
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