In Ethics, It Is a Fundamental Principle That "Ought" Implies

question 70

Short Answer

In ethics, it is a fundamental principle that "ought" implies "__________."

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Definitions:

Equation of Exchange

A formula representing the relationship between the money supply, its velocity, the price level, and the volume of transactions in an economy.

False Statement

An untrue or misleading assertion or claim intentionally or unintentionally conveyed as a fact.

Monetarists

Economists who support the idea that the money supply's fluctuations profoundly influence national output in the immediate future and the price level over more extended periods.

Economic Instability

A state characterized by significant fluctuations in economic activities such as employment, production, and prices, often leading to uncertainty.