Milton Friedman Is Widely Considered to Be the Father of Monetarism

question 44

True/False

Milton Friedman is widely considered to be the father of monetarism.

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Definitions:

Subculture

A cultural group within a larger culture, often having beliefs or interests at variance with those of the larger culture.

Norms

Are generally accepted ways of doing things.

Codes of Behaviour

Established rules or standards governing the actions or conduct of individuals within a group or society.

Internal Social Control

Regulates people through socialization and shapes people’s minds so they come to regard deviant actions as undesirable.