Milton Friedman's research concluded that monetary policy impacts:
A) interest rates and output.
B) the business cycle and output.
C) inflation and the business cycle.
D) inflation and output.

Question

Quizplus · Accepted Answer

Milton Friedman's research, particularly his work on the monetarist theory, concluded that monetary policy significantly impacts inflation and the business cycle. He argued that changes in the money supply have major effects on inflation and economic fluctuations.

Milton Friedman's Research Concluded That Monetary Policy Impacts