What Kind of Monetary Policy Rule Did Milton Friedman Advocate

question 129

Multiple Choice

What kind of monetary policy rule did Milton Friedman advocate?

• A) The money supply should increase by 3 percent each year.
• B) Prices should increase by 3 percent each year.
• C) Economic growth should be 3 percent every year.
• D) Long-run economic growth should be 3 percent.

---

Definitions:

PLC Manufacturers

Companies that design and produce Programmable Logic Controllers used in industrial control applications.

Memories

Storage areas within a computer or PLC used to hold program instructions, operational data, and other information.

Rung Condition

The current true or false state of a line of logic in ladder diagram programming.

OTE Instruction

An instruction used in programmable logic controllers (PLCs) that stands for "Output Energize," controlling the on/off status of an output based on logic conditions.