Fisher's Quantity Theory of Money Quiz
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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</p> Signup and view all the answers

    Who developed Fisher's Quantity Theory of Money?

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

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