What Was Milton Friedman's Reasoning Behind the 3% Growth Rule

question 98

Multiple Choice

What was Milton Friedman's reasoning behind the 3% growth rule for money supply?

• A) monetary neutrality
• B) increasing long-run economic growth rates
• C) minimization of negative supply shocks
• D) price stability

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Definitions:

Vertebrae

The individual bones that make up the vertebral column (spine), providing structural support and protecting the spinal cord.

Hip Bones

Large bones that form the foundation of the pelvis, playing a crucial role in supporting the body's weight and facilitating movement.

Pelvic Organs

The internal organs within the pelvic region of the body, including the bladder, rectum, and, for females, the uterus and ovaries.

First Cervical Vertebra

Also known as the Atlas, it is the topmost vertebra in the spine that supports the skull and enables head movements.