When Milton Friedman Said That Inflation Is Always and Everywhere

question 124

Multiple Choice

When Milton Friedman said that inflation is always and everywhere a monetary phenomenon,he was referring to

• A) one-shot inflation
• B) supply-induced inflation
• C) continued inflation
• D) hyperinflation (high rates of inflation)
• E) all kinds of inflation

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Definitions:

Closing

The process of helping people make a decision that will benefit them by asking them to buy.

Professional Salesperson

An individual skilled in the art of negotiating and closing sales deals, typically with extensive knowledge of the product or service being sold.

Order Requests

Requests made by customers to purchase a product or service, indicating the desire to proceed with a transaction.

Customer's Point

The perspective or standpoints of a customer on a particular issue, product, or experience, reflecting their needs, preferences, or expectations.