Irving Fisher's View That Velocity Is Fairly Constant in the Short

question 20

Multiple Choice

Irving Fisher's view that velocity is fairly constant in the short run transforms the equation of exchange into the

• A)Friedman's theory of income determination.
• B)quantity theory of money.
• C)Keynesian theory of income determination.
• D)monetary theory of income determination.

---

Definitions:

Income Earned

The total amount of money received by an individual or entity as a result of employment, investments, or other sources over a certain period.

Capital Stock

The total amount of physical and financial assets owned by a company, including buildings, machinery, and equity investments.

Interest Income

Income earned through the lending of money or from deposit funds in bank accounts and other financial instruments.

Long Span

A term typically referring to an extensive period or duration, often used in the context of construction (for structures with large distances between supports) or careers (lengthy professional life).