Assertion: priori concept | /r/CapableOf | play major part
Facets:
value: in macroeconomic models
type: LOCATION
Source sentences:
text: The aforementioned microeconomic concepts play a major part in macroeconomic models – for instance, in monetary theory, the quantity theory of money predicts that increases in the growth rate of the money supply increase inflation, and inflation is assumed to be influenced by rational expectations.