Fisher's Quantity Theory of Money Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

According to Fisher's Quantity Theory of Money, what does 'M' represent?

  • The price level in the economy
  • The volume of transactions
  • The velocity of money
  • The quantity of money in circulation (correct)

According to Fisher's Quantity Theory of Money, what does 'P' represent?

  • The volume of transactions
  • The velocity of money
  • The price level in the economy (correct)
  • The quantity of money in circulation

What is the Fisher Equation used for?

  • Relating the quantity of money in circulation to the price level in an economy (correct)
  • Assessing unemployment rates
  • Predicting stock market movements
  • Calculating the GDP of a country

In Fisher's Quantity Theory of Money, what does 'V' represent?

<p>The velocity of money, or how quickly money changes hands in the economy (A)</p> Signup and view all the answers

Who developed Fisher's Quantity Theory of Money?

<p>Irving Fisher (D)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

The Fisher Man and His Wife" Quiz
6 questions
Classical Quantity Theory of Money
45 questions
Mark Fisher's *Capitalist Realism* Quiz
48 questions
4: Fisher's Equation: Nominal vs. Real Interest Rates
69 questions
Use Quizgecko on...
Browser
Browser