Question

Compare Fisher approach of quantity theory of money with cambridge approach in detail​

Answer 1

Fisher's approach is one-sided because it considers quantity of money to be the only determinant of the value of money or the price level. In the Cambridge approach, both the demand for and the supply of money are recognised as real determinants of the value of money.......

Answer 2

Answer:

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Explanation:

Fisher's approach is one-sided because it considers quantity of money to be the only determinant of the value of money or the price level. In the Cambridge approach, both the demand for and the supply of money are recognised as real determinants of the value of money.