What is the relation between Fishers V and Cambridge K?
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According to Fisher, changes in the price level are caused by the changes in the quantity of money. But according to the Cambridge economists, the price level may change even without a change in the quantity of money, if K changes.
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Hello mate
Explanation:
According to Fisher, changes in the price level are caused by the changes in the quantity of money. But according to the Cambridge economists, the price level may change even without a change in the quantity of money, if K changes.
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