The Quantity Theory of Money

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Friedman & The Fisher Equation.
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Very helpful, thanks! Particularly the animal spirits part by keynes which I put down to the author of my book just being high, since there was no explanation.

Tokaisanyon
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Sir, so as quantity theory of money keep output as constant, so does it mean that it's result is applicable in long run only ?

MehakAhuja-fy
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may i know what is the effect of increase in income on demand for money according to fisher theory?

oooopziedaizy
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The oil supply shock that caused inflation in the 70s proves Friedman was wrong right? It´s usually a monetary phenomenon but it can also be a market phenomenon. Have you thought of covering the IS/LM Model?

gonzaloMR