Irving Fisher took the view that the institutional features of the economy which affect velocity change over time so that velocity will be fairly in the short run.
A) rapidly; erratic
B) rapidly; stable
C) slowly; stable
D) slowly; erratic

Irving Fisher posited that the factors that affect velocity are institutions that impact how transactions are conducted. According to him, institutional factors that affect the velocity of money change slowly. Therefore, in the short run, velocity is fairly stable.

Irving Fisher took the view that the institutional features of the economy which affect velocity change ________ over time so that velocity will be fairly ________ in the short run. A) rapidly; erratic B) rapidly; stable C) slowly; stable D) slowly; erratic

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Irving Fisher took the view that the institutional features of the economy which affect velocity change over time so that velocity will be fairly in the short run.
A) rapidly; erratic
B) rapidly; stable
C) slowly; stable
D) slowly; erratic