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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