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

question 72

Multiple Choice

Monetarism is a school of thought put forth by ________,who argued that the economy would ordinarily 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:

Authors' Royalties

Authors' royalties are payments made to authors from publishers or producers, based on a percentage of sales of their work.

Fixed Cost

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance.

Debt-to-Total-Assets Ratios

A measure that indicates what proportion of a company's assets is financed through debt.

Equity Ratios

Equity ratios measure a company's financial leverage and are calculated by dividing total equity by total assets.