Milton Friedman and Anna Schwartz Found in Their Study of Money

question 31

Multiple Choice

Milton Friedman and Anna Schwartz found in their study of money and business cycles from the Civil War to 1960 that

• A)the growth rate of the money supply falls before output declines in every business cycle.
• B)the growth rate of the money supply rises before output declines in every business cycle.
• C)the growth rate of the money supply falls before output declines during some business cycles and rises before output declines during other business cycles.
• D)there is no consistent relationship between money and output over the business cycle.

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Definitions:

HCG

Human Chorionic Gonadotropin (HCG) is a hormone produced during pregnancy by the placenta, often used in fertility treatments and pregnancy tests.

AROM

An abbreviation for Active Range of Motion, which refers to the movement a person can accomplish without assistance to maintain or improve joint flexibility.

Dysfunctional Uterine Bleeding

Abnormal bleeding from the uterus that is not related to menstruation, often due to hormonal imbalances.

Abbreviation

An abbreviated form of a word or phrase employed to minimize space usage or to sidestep repetition.