Examlex
Define and discuss the principle of stare decisis.
Milton Friedman
A prominent American economist known for his strong belief in free-market capitalism and for being a leading proponent of monetarism in economic policy.
Monetarist
An economic theory that emphasizes the role of governments in controlling the amount of money in circulation as the primary method for ensuring economic stability and growth.
Money Supply
The total amount of money available in an economy, including cash, coins, and balances held in checking and savings accounts.
Classical Economists
Economists from the late 18th and early 19th centuries who focused on the role of free markets in promoting economic growth and wealth distribution.
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