When Milton Friedman Said That Inflation Is Always and Everywhere

question 124

Multiple Choice

When Milton Friedman said that inflation is always and everywhere a monetary phenomenon,he was referring to

• A) one-shot inflation
• B) supply-induced inflation
• C) continued inflation
• D) hyperinflation (high rates of inflation)
• E) all kinds of inflation

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Definitions:

An Interest Schedule

A tool or survey designed to assess an individual's preferences, likes, and dislikes in various activities or topics.

Screening Process

A preliminary procedure used to identify individuals at high risk of a condition or disease, often before symptoms appear.

Interest Inventories

Psychological assessment tools designed to evaluate an individual's preferences, interests, and areas of potential satisfaction in work or leisure activities.

Specific Aptitude Tests

A type of aptitude test which focuses on one aspect of ability.