Complete Milton Friedman's famous proposition: "Inflation is always and everywhere a ________ phenomenon."
A)monetary
B)political
C)policy
D)budgetary

Question

Quizplus · Accepted Answer

Milton Friedman's statement is often quoted as "Inflation is always and everywhere a monetary phenomenon," meaning that inflation is primarily caused by increases in the money supply. The other choices (political, policy, and budgetary) may contribute to inflation, but they are not the primary cause.

Complete Milton Friedman's Famous Proposition: "Inflation Is Always and Everywhere