Milton Friedman and Others View the Instability of Velocity in the 1980s

question 20

Essay

Milton Friedman and others view the instability of velocity in the 1980s as the result of a number of one-time events during that decade.What were these events?

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Definitions:

Moral Dilemmas

are situations in which a decision must be made between two or more conflicting moral principles, leaving the decision-maker in a state of ethical uncertainty.

Organizations

Entities (such as businesses, governments, or charities) structured and managed to meet a collective goal or to provide a service to the community.

Social Person

An individual regarded in terms of their relationships and interactions within society, emphasizing the importance of social connections and behaviors.

Political Type

A categorization or description of an individual based on their political beliefs, actions, or affiliations.