Milton Friedman and Anna Schwartz Conclude That

question 93

Multiple Choice

Milton Friedman and Anna Schwartz conclude that

• A)output fluctuations cause changes in money growth.
• B)changes in money growth cause output fluctuations.
• C)there is no causal link between the money supply and output.
• D)there is no evidence for changes in the money supply that are not influenced by changes in output or by third factors that influenced both money and output.

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Definitions:

Compromise

A method of resolving disagreements where all parties make concessions to reach a mutually acceptable decision.

Concedes

The act of acknowledging or yielding to another's point, request, or judgment, often after a period of resistance or dispute.

Compromising

A conflict resolution strategy where each party gives up something to reach a mutually acceptable solution.

Satisfied

The state of being content or fulfilled with a situation, outcome, or transaction.