Monetarists emphasize changes in the money supply as the most important determinant of prices.
What is money?
The term “money” refers to the exchange of goods and services. The currency is the currency of the country. Different countries have different currencies. Usually, money looks like paper notes and coins.
The definition of the term “monetarist” relates the money supply to two important phenomena: prices and the rate of economic expansion. The primary components of an economy's supply that a monetarist provides are money, credit, and deposits.
As a result, the monetarist are changes on the money supply are the determinant of prices.
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