What economist in the early 20th century refined the use of the equation of exchange?
A) Jean-Baptiste Say
B) Irving Fisher
C) Thomas Malthus
D) Adam Smith

Question

Quizplus · Accepted Answer

Irving Fisher refined the equation of exchange in his 1911 book "The Purchasing Power of Money." The equation of exchange is a tool used by economists to analyze the relationship between money supply, price level, and real output in an economy.

What Economist in the Early 20th Century Refined the Use