When Milton Friedman said that inflation is always and everywhere a monetary phenomenon, he was referring to
A) one-shot inflation
B) supply-induced inflation
C) continued inflation
D) hyperinflation (high rates of inflation)
E) all kinds of inflation
C
Economics
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When a $1,000 check written on the Chase Bank is deposited in an account at the Bank of America the:
a. Liabilities of Chase rise by $1,000. b. Reserves of Chase increase by $1,000. c. Liabilities of the Bank of America fall by $1,000. d. Reserves of the Bank of America increase by $1,000. e. All the above.
Economics
A stock holder is part owner of the firm.
Answer the following statement true (T) or false (F)
Economics