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

question 244

Multiple Choice

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

Sociological Work

Refers to research, theories, and studies conducted to understand social phenomena, structures, and relationships.

Materialist Philosophy

Materialist philosophy asserts that material conditions determine human consciousness and social structures, prioritizing the physical and tangible aspects of existence over ideas or spiritual conjectures.

Consciousness

The state or quality of awareness, or being aware of an external object or something within oneself, often considered a complex mental state.

Morality

Principles or rules concerning the distinction between right and wrong or good and bad behavior.