Question

effects of Cambridge version is an improvement
over fisher's version
​

Answer 1

Answer:

The equation of cash balances is an improvement over the equation of fishermen The approach of cash balances is superior to the approach of transactions because it totally discards the idea of the velocity of money movement which obscures the motivations and decisions of the people behind it.

Answer 2

Answer:

Fisher's approach stresses the supply of money, whereas, the Cambridge approach lays more emphasis on the demand for money to hold cash. 2. ... The Fisherian approach emphasises the medium of exchange function of money, whereas the Cambridge approach stresses the store of value function of money.