Monetarism Is a School of Thought Put Forth by ________,Who

question 244

Multiple Choice

Monetarism is a school of thought put forth by ________,who argued that the economy would most likely be at potential GDP.

• A)Karl Marx
• B)Milton Friedman
• C)Finn Kydland and Edward Prescott
• D)Robert Lucas and Thomas Sargent

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Definitions:

Carbon

A chemical element with symbol C, known as the basis of all life on Earth due to its ability to form a vast number of compounds.

Organic Substance

A compound containing carbon atoms, typically found in or produced by living organisms.

Glucose

A primary sweet substance important for the energy mechanisms in living beings and constituent of a variety of carbohydrate entities.

ATP

Adenosine triphosphate, a high-energy molecule found in the cells of the human body, serving as a primary energy carrier.