MONETARISM

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money

Classified under:

Nouns denoting cognitive processes and contents

Hypernyms ("monetarism" is a kind of...):

economic theory ((economics) a theory of commercial activities (such as the production and consumption of goods))

Derivation:

monetarist (an advocate of the theory that economic fluctuations are caused by increases or decreases in the supply of money)

Credits