Which of the following statements would Milton Friedman disagree with?
A) Monetary policy has few short-run effects on the real economy.
B) In the long run, changes in the money supply primarily affect the price level.
C) In practice, there is little scope for using monetary policy actively to smooth out business cycles.
D) The Federal Reserve cannot be relied on to effectively smooth out business cycles.
A
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________ natural monopolies is a commonly used, potential solution to the problems presented by natural monopolies
A) Breaking up firms that are B) Regulating C) Outlawing price discrimination by D) Refusing to grant patents to E) Giving incentives to firms to become
How were exchange rates determined under the gold standard? How did the Bretton Woods system differ from the gold standard?
What will be an ideal response?