Economist Milton Friedman Called for a Policy Rule That Keeps

question 163

Multiple Choice

Economist Milton Friedman called for a policy rule that keeps the growth rate of the money supply at 3% because:

• A) real shocks on average are 3% of real GDP.
• B) spending shocks on average are 3% of real GDP.
• C) the economy's long-run potential growth rate is 3%.
• D) the money supply has grown on average at 3% historically.

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Definitions:

Repairs

The actions taken to restore something damaged or malfunctioning to a good or working condition.

Deducted

Subtracted from a total amount, usually referring to amounts removed from income or expenses for the purpose of calculation.

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The act of bringing a lawsuit against an individual or entity, claiming that they committed a wrong or injustice that should be remedied through legal action.

Evict Tenant

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