What Strict Rule Did Milton Friedman Believe Would Provide for Greater

question 152

Multiple Choice

What strict rule did Milton Friedman believe would provide for greater price stability?

• A) GDP should not go above 5%.
• B) Unemployment should never be above 10%.
• C) Inflation should stay below 3% a year.
• D) Money supply should grow by 3% annually.

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Definitions:

pKa Values

A quantitative measure of the strength of an acid in solution, defined as the negative logarithm of the acid dissociation constant (Ka).

pH

A measure of the hydrogen ion concentration in a solution, reflecting its acidity or basicity.

Neutral Form

The state of a compound where it is not ionized, possessing no net charge, usually at a specific pH value.

L-Phenylalanine

An essential amino acid that plays a key role in the biosynthesis of other amino acids and hormones.