Irving Fisher took the view that the institutional features of the economy which affect velocity change ________ over time so that velocity will be fairly ________ in the short run.
A) rapidly;erratic
B) rapidly;stable
C) slowly;stable
D) slowly;erratic
Correct Answer:
Verified
Q2: The equation of exchange is
A)M × P
Q3: The equation of exchange states that the
Q4: The velocity of money is
A)the average number
Q5: If the money supply is $20 trillion
Q6: If nominal GDP is $10 trillion,and the
Q7: If the money supply is $500 and
Q8: Because the quantity theory of money tells
Q9: If the money supply is $500 and
Q10: In the equation of exchange,the concept that
Q11: In Irving Fisher's quantity theory of money,velocity
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents