Friedman Argued That a Central Bank Could Use Monetary Policy

question 136

Multiple Choice

Friedman argued that a central bank could use monetary policy to peg which of the following?

• A) the nominal exchange rate
• B) the real GDP growth rate
• C) the unemployment rate
• D) the interest rate

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Definitions:

Merton

Merton refers to Robert K. Merton, an influential 20th-century sociologist known for developing theories on social structure, anomie, and the sociology of science.

Differential Association Theory

A theory in criminology that asserts criminal behavior is learned through regular interaction with others who engage in crime.

Deviant Behavior

Conduct that breaches the standards or norms expected by society.

Sutherland

A sociologist known for his theory of differential association, which suggests that criminal behavior is learned through social interactions.