What did Fisher's work on capital involve?
Interest rates
Tax rates
Wage rates
Trade rates
Answer
Interest rates were a central focus of Irving Fisher's work on capital. He developed the Fisher equation, which relates nominal interest rates to real interest rates and inflation. Fisher argued that interest rates are determined by the interaction of supply and demand in the capital market, and that they play a crucial role in allocating capital and determining the level of investment.
Irving Fisher Trivia: 31 Questions to Test Your Memory
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