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Monetarists
Economists who argue that the money supply's variations play a crucial role in influencing the national output in the short term and determining the price level over the long term.
Money Supply
The whole sum of money available in an economy, including cash, coins, and the balances in checking and savings accounts, at a specific period.
Prices
The amount of money expected, required, or given in payment for something, reflecting the value of goods or services in monetary terms.
Rational Expectations
An economic theory that posits individuals make decisions based on their expectations for the future, which are in turn based on past trends and information considered to be most relevant.
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