Multiple Choice
Irving Fisher converted the equation of exchange into a theory of money demand by assuming that
A) nominal balances always equal real balances.
B) velocity is a constant.
C) inflation is always zero.
D) short-term interest rates always equal long-term interest rates.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Why do economists and policy-makers view fluctuations
Q10: Fluctuations in velocity indicate that<br>A)changes in money
Q11: Which of the following is NOT considered
Q12: From 1959 to 1989, M2 velocity<br>A)declined sharply.<br>B)increased
Q13: Which of the following would cause demand
Q15: Which model of the demand for real
Q16: The American economist who developed the quantity
Q17: An individual with a high income will
Q18: George has total wealth of $50,000. He
Q19: In which of the following books did