\documentclass{article}
\usepackage[textwidth=9.5cm]{geometry}
\begin{document}
Fractions typeset within a paragraph typically look like this: \(\frac{3x}{2}\). You can force \LaTeX{} to use the larger display style, such as \( \displaystyle \frac{3x}{2} \), which also has an effect on line spacing. The size of maths in a paragraph can also be reduced: \(\scriptstyle \frac{3x}{2}\) or \(\scriptscriptstyle \frac{3x}{2}\). For the \verb|\scriptscriptstyle| example note the reduction in spacing: characters are moved closer to the \textit{vinculum} (the line separating numerator and denominator).
Equally, you can change the style of mathematics normally typeset in display style:
\[f(x)=\frac{P(x)}{Q(x)}\quad \textrm{and}\quad \textstyle f(x)=\frac{P(x)}{Q(x)}\quad \textrm{and}\quad \scriptstyle f(x)=\frac{P(x)}{Q(x)}\]
\end{document}
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