Milton Friedman's Proposition That Inflation Is Always and Everywhere a Monetary

question 42

Multiple Choice

Milton Friedman's proposition that inflation is always and everywhere a monetary phenomenon holds only if ________.

• A) government budget deficits do not rise continually
• B) the unemployment rate does not rise continually
• C) the inflation rate rises continually
• D) Canada does not experience more than one negative supply shock per decade

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Definitions:

Middle Adolescence

A developmental stage typically ranging from ages 14 to 17, characterized by increased independence, identity exploration, and emotional and social development.

Emotionality

The capacity to experience and display emotions.

Increases

A rise or growth in quantity, size, value, or intensity of something.

Declines

Describes a decrease or deterioration in function, quality, or quantity over time.