Milton Friedman and Anna Jacobson Schwartz stated that
A) changes in the behavior of the money stock have been closely associated with changes in economic activity,money income,and prices.
B) the basic problem during recession is inadequate aggregate demand.
C) the capitalist system is inherently unstable;it tends toward cycles of overproduction and recessions.
D) the only way to stabilize the economy is through very forceful fiscal policy.
Correct Answer:
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