What did Fisher's quantity theory of money influence?
Macroeconomic thought
Microeconomic thought
Behavioral economics
Environmental economics
Answer
Macroeconomic thought was influenced by Fisher's quantity theory of money, which posits that the price level is directly proportional to the quantity of money in circulation. This theory provided a framework for understanding the relationship between inflation and monetary policy, shaping macroeconomic policies and theories.
Irving Fisher Trivia: 31 Questions to Test Your Memory
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