The economist who proposed that,"Inflation is always and everywhere a monetary phenomenon" was
A)John Maynard Keynes.
B)John R. Hicks.
C)Milton Friedman.
D)Franco Modigliani.

Question

Quizplus · Accepted Answer

The economist who proposed that "Inflation is always and everywhere a monetary phenomenon" is Milton Friedman. This theory is known as the quantity theory of money, which suggests that inflation is caused by an increase in the money supply in an economy. The other three economists listed did not propose this theory.

The Economist Who Proposed That,"Inflation Is Always and Everywhere a Monetary