Fisher's Quantity Theory of Money Suggests That the Demand for Money

question 53

Multiple Choice

Fisher's quantity theory of money suggests that the demand for money is purely a function of ________,and ________ no effect on the demand for money.

• A)income;interest rates have
• B)interest rates;income has
• C)government spending;interest rates have
• D)expectations;income has

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Definitions:

Republic of Texas

A sovereign nation in North America that existed from March 2, 1836, to February 19, 1846, before becoming a state of the United States.

U.S. Army

A service branch of the United States Armed Forces tasked with carrying out military operations on land.

Californios

The Hispanic residents of California, particularly those living there before it became a part of the United States.

Cattle Ranchers

Individuals or companies engaged in the raising and grazing of cattle, often for meat production, on extensive ranches.