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UI Post-UTME Economics 2024 (Model questions) Question 9

Question 9

Money and Inflation

Equation of exchange is associated with

  1. A.Pigou
  2. B.J.B. Say
  3. C.Marshall
  4. D.Irving Fisher
Show the answer and explanation

Answer: D (Irving Fisher)

Explanation

Irving Fisher stated the equation of exchange, MV = PT.