What did Fisher's research on money inaugurate?
Monetarism
Keynesianism
Marxism
Behavioral economics
Answer
Monetarism, a monetary theory, was inaugurated by Irving Fisher's research on money. Monetarism emphasizes the role of the money supply in determining inflation and economic activity. Fisher's work laid the foundation for the monetarist school of thought, which argues that the central bank should control the money supply to achieve economic stability.
Irving Fisher Trivia: 31 Questions to Test Your Memory
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