Which of the Following Statements Would Milton Friedman Disagree With

question 89

Multiple Choice

Which of the following statements would Milton Friedman disagree with?

• A)Monetary policy has few short-run effects on the real economy.
• B)In the long run, changes in the money supply primarily affect the price level.
• C)In practice, there is little scope for using monetary policy actively to smooth out business cycles.
• D)The Federal Reserve cannot be relied on to effectively smooth out business cycles.

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Definitions:

Purchase Orders

Purchase orders are formal documents issued by a buyer to a seller, specifying types, quantities, and agreed prices for products or services.

Financial Statements

Comprehensive reports that detail an entity's financial activity and current financial condition, including the balance sheet, income statement, and cash flow statement.

Customize Features

The ability or option to modify or personalize specific functionalities of a software or system to suit individual or business needs.

Accounts Payable

Amounts owed by a business to its suppliers or vendors for goods and services received but not yet paid for.