Monetarism Suggests That

question 21

Multiple Choice

Monetarism suggests that:

• A) money should be backed by gold.
• B) the economy is unstable.
• C) monetary policy should be used to offset economic fluctuations.
• D) discretionary monetary policy does more harm than good.

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Definitions:

Selective Breeding

The process of breeding plants and animals for particular genetic traits, aiming to produce offspring with desirable characteristics.

Highly Intelligent

Describes individuals who demonstrate significantly above-average capabilities in intellectual understanding, problem solving, and adapting to new situations.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are.

Geometric Mean

A mean or average which indicates the central tendency or typical value of a set of numbers by using the product of their values (as opposed to the arithmetic mean which uses their sum).