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How many levels are present for each variable?
Discretionary Policies
Economic strategies and decisions made by a government that can be altered or adjusted in response to changing economic conditions.
Milton Friedman
A prominent American economist known for his strong belief in free-market capitalism and for being a leading proponent of monetarism in economic policy.
Monetarist
An economic theory that emphasizes the role of governments in controlling the amount of money in circulation as the primary method for ensuring economic stability and growth.
Money Supply
The total amount of money available in an economy, including cash, coins, and balances held in checking and savings accounts.
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