In a Study Published in 1963,Milton Friedman and Anna Schwartz

question 17

Multiple Choice

In a study published in 1963,Milton Friedman and Anna Schwartz found that in every business cycle they studied over nearly a hundred-year period,the growth rate of the ________ decreased before ________ decreased.

• A)money supply;interest rates
• B)money supply;output
• C)budget deficit;interest rates
• D)budget deficit;output

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Definitions:

Accident

An unexpected and unintentional event causing damage or injury.

Forged Instrument

A document that has been illegally altered or created to look legitimate in order to commit fraud.

Uttering

The crime of offering a forged instrument to another person, knowing it to be forged.

Check 21 Act

A law that makes check clearing much quicker by the use of a substitute check in place of the original check for electronic check processing.