Milton Friedman Argued That the Fed's Control Over the Money

question 192

Multiple Choice

Milton Friedman argued that the Fed's control over the money supply could be used to peg

• A)the level or growth rate of a nominal variable, but not the level or growth rate of a real variable.
• B)the level of a nominal or real variable, but not the growth rate of a real or nominal variable.
• C)the level or growth rate of a real variable, but not the level or growth rate of a nominal variable.
• D)both levels and growth rates of both real and nominal variables.

---

Definitions:

Record

An individual entry in a database, consisting of field values that together describe a single entity or instance.

Design

The process of creating a plan or convention for the construction of an object, system, or measurable human interaction.

Form

A graphical interface in databases and applications where users can enter, modify, or view data fields.

Control Wizard

A feature in software development environments that assists users in creating complex controls by guiding them through the configuration process.