The Book in Which Milton Friedman and Anna Schwartz Reported

question 27

Multiple Choice

The book in which Milton Friedman and Anna Schwartz reported on their study of the relation between money and the business cycle is

• A)Money through the Ages.
• B)The General Theory of Employment, Interest, and Money.
• C)A Monetary History of the United States.
• D)Money and the Cycle.

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Definitions:

Bureau of Labor Statistics

A U.S. government agency that collects and analyses critical economic information, particularly employment and price statistics.

Minimum-Wage Laws

Regulations establishing the lowest hourly wage that employers can legally pay their workers, aimed at protecting low-income workers.

Teenage Unemployment

Refers to the unemployment rate among teenagers, indicating the proportion of the teenage workforce that is not currently employed but is actively seeking employment.

Bureau of Labor Statistics

An agency of the U.S. government tasked with the collection and analysis of data concerning the labor market, employment conditions, and fluctuations in prices.