The View That a Small Positive Rate of Inflation May

question 8

Multiple Choice

The view that a small positive rate of inflation may actually be good for the economy was first advanced by

• A)Ben Bernanke
• B)Milton Friedman
• C)John Maynard Keynes
• D)William Poole
• E)James Tobin

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Definitions:

Sensory Neurons

Nerve cells that transmit sensory information (sight, sound, feeling, etc.) from the body to the central nervous system.

Subconscious Minds

The part of the mind that is not currently in focal awareness but influences thoughts, feelings, and actions.

Psychological Processes

Internal mental activities that underlie human behavior and function, such as perception, memory, and decision-making.

Hindbrain

The posterior part of the brain that includes the cerebellum and brainstem, involved in regulating basic life functions, movement, and maintaining balance.