The View That Sustained Inflation Is Possible Only with Continuous

question 19

Multiple Choice

The view that sustained inflation is possible only with continuous monetary validation is now widely accepted but was made famous by and is still closely associated with

• A)John Maynard Keynes.
• B)Adam Smith.
• C)David Ricardo.
• D)Milton Friedman.
• E)James Tobin.

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Definitions:

Sociocultural Factors

External factors including method and style of communications, religions, values and ideologies, education standards, and social structure.

Labor Laws

Regulations governing the relationship between employers and employees, focusing on rights, duties, and standards in the workplace.

Born Global

Companies that engage in international expansion soon after starting in a domestic market.

Natural Resources

Raw materials and components provided by nature that can be utilized for economic gain.