Friedman argued that with a _____ money supply, velocity is _____ that there's not much point in using monetary policy.
A) steady increase in the; large
B) constant; small
C) steady increase in the; constant
D) constant; large
Correct Answer:
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Q83: Scenario: The Quantity Theory of Money Suppose
Q84: Monetarism asserts that GDP will grow steadily
Q85: Friedman favored:
A) activist monetary policy to stabilize
Q86: During the 1960s and 1970s, most monetarists
Q87: Crowding out is MOST likely when expansionary
Q89: Milton Friedman's argument was that the Fed
Q90: Use the following to answer questions:
Q91: The velocity of money is equal to:
A)
Q92: If the money supply is growing at
Q93: According to monetarism:
A) Congress and the president
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