Milton Friedman's Proposition That Inflation Is Always and Everywhere a Monetary

question 42

Multiple Choice

Milton Friedman's proposition that inflation is always and everywhere a monetary phenomenon holds only if ________.

• A) government budget deficits do not rise continually
• B) the unemployment rate does not rise continually
• C) the inflation rate rises continually
• D) Canada does not experience more than one negative supply shock per decade