Milton Friedman Argued That the Fed's Control Over the Money

question 192

Multiple Choice

Milton Friedman argued that the Fed's control over the money supply could be used to peg

• 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:

External Obliques

Muscles located on the sides of the abdomen, aiding in rotation and lateral bending of the torso.

Pectoralis Minor

A small chest muscle that facilitates movement of the shoulder.

Scalenes

A group of muscles located in the neck, responsible for assisting with breathing and the lateral flexion and rotation of the neck.

Blood Concentration

The amount of a substance (such as glucose, electrolytes, or medication) present in a certain volume of blood.