A Factor Increasing the Popularity of Monetarism in the Late

question 211

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)fear of budget deficits and growing federal debt.
• D)predictable behavior of velocity until about 1980.

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Definitions:

Recessive

A genetic trait that is expressed in an organism's phenotype only when two copies of the gene are present, as opposed to dominant traits, which require only one copy.

Anemia

A condition characterized by a deficiency of red blood cells or hemoglobin in the blood, leading to fatigue and weakness.

Alleles

Variations of a gene that occur at the same place on a chromosome, responsible for the diversity in genotype and phenotype among organisms.

Defective

Refers to something that is flawed or lacking in functionality.