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

When the price level goes up, the purchasing power of the dollar

A) varies directly with the value of the euro. B) remains constant. C) also increases. D) falls.

An essential assumption of the Cournot model is that each firm aims to maximize profits, based on the expectation that its own output decision will not have an effect on the decisions of its rivals. Critically evaluate this assumption

What will be an ideal response?