Milton Friedman Argued That a Central Bank's Control Over the Money

question 187

Multiple Choice

Milton Friedman argued that a central bank's control over the money supply could be used to peg which of the following?

• A) the level or growth rate of a nominal variable, but not the level or growth rate of a real variable
• B) the level of a nominal or real variable, but not the growth rate of a real or nominal variable
• C) the level or growth rate of a real variable, but not the level or growth rate of a nominal variable
• D) both levels and growth rates of both real and nominal variables

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Definitions:

Ridge

A ridge is a long, narrow elevation of land, often with sloping sides, which can be found both underwater as part of oceanic systems and on land.

Terminal Moraine

A terminal moraine is an accumulation of debris and sediment formed at the snout (end point) of a glacier, marking the furthest advance of the glacier.

Cirque

A mountain basin with steep sides and a bowl-like shape, formed by glacier activity, frequently hosting a small lake.

Moraine

A mass of rocks and sediment carried down and deposited by a glacier, typically as ridges at its edges or extremity.