A Factor Increasing the Popularity of Monetarism in the Late

question 154

Multiple Choice

A factor increasing the popularity of monetarism in the late 1970s was the

• A)ease with which the Fed controlled the money supply.
• B)excellent performance of the economy in the 1970s.
• C)the fear of budget deficits and growing federal debt.
• D)the predictable behavior of velocity until about 1980.

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Definitions:

Experimental Methods

A research methodology in psychology and other sciences involving the manipulation of variables to determine cause and effect relationships.

Biases

Systematic patterns of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.

Logical Errors

Faulty reasoning patterns or mistaken beliefs that often result from cognitive biases or limitations.

Conclusions

Statements or judgments that are arrived at by reasoning from evidence or facts.