Monetarism Is a School of Thought Put Forth by Milton

question 77

Multiple Choice

Monetarism is a school of thought put forth by Milton Friedman.He argued that the economy would most likely

• A)be below potential GDP.
• B)be at potential GDP.
• C)be unstable.
• D)be above potential GDP.

---

Definitions:

Extravagant Consumption

The act of spending on luxury and expensive goods and services in excess of one's basic needs, often as a display of wealth.

Affluent Professionals

Individuals with high income and educational levels, often working in professions that require advanced degrees.

Everyday Uses

The common or routine utilizations of objects, technologies, or insights in daily living.

Public Matter

Issues or concerns that affect the broader community or population and are subject to public discussion or governance.