When Milton Friedman Said That Inflation Is Always and Everywhere

question 124

Multiple Choice

When Milton Friedman said that inflation is always and everywhere a monetary phenomenon,he was referring to

• A) one-shot inflation
• B) supply-induced inflation
• C) continued inflation
• D) hyperinflation (high rates of inflation)
• E) all kinds of inflation

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Definitions:

Lowest Occupied

In quantum chemistry, it refers to the lowest energy orbital that contains electrons under normal conditions.

1,3-Butadiene

A colorless, flammable gas with a mild odorous smell, used in the production of synthetic rubber and other polymers.

HOMO

Stands for Highest Occupied Molecular Orbital, the topmost energy level occupied by electrons in a molecule under normal conditions.

1,3-Butadiene

An elementary conjugated diene with a molecular composition of C4H6, employed in the manufacture of synthetic rubber as a monomer.