According to Nobel laureate Milton Friedman,"inflation is _____."
A) a good thing
B) found everywhere
C) always present
D) always and everywhere a monetary phenomenon

Question

Quizplus · Accepted Answer

According to Milton Friedman, inflation is always and everywhere a monetary phenomenon. This means that inflation is caused by an increase in the supply of money in the economy. Friedman believed that controlling the money supply was the key to controlling inflation.

According to Nobel Laureate Milton Friedman,"inflation Is _____