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Question
Complete Milton Friedman's famous statement, "Inflation is always and everywhere a ________ phenomenon."A. recessionary
B. discretionary
C. repressionary
D. monetary
Answer
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Related questions
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The organization responsible for the conduct of monetary policy in the United States is the
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B. U.S. Treasury.
C. Federal Reserve System.
D. Bureau of Monetary Affairs.
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A. balanced budgets.
B. rapidly growing money supplies.
C. falling money supplies.
D. constant money supplies.
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B. banks.
C. over-the-counter markets.
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Banks, savings and loan associations, mutual savings banks, and credit unions
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Which of the followings does NOT describe the goods market in the ISLM model?
A. consumption function
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C. government spending and tax
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As bonds become a riskier asset, the demand for money ________ and, all else constant, the equilibrium interest rate ________.
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An autonomous increase in money demand, other things equal, shifts the ________ curve to the ________.
A. IS; right
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In the long-run ISLM model and with everything else held constant, as long as the level of output ________ the natural rate level, the price level will continue to ________, shifting the LM curve to the ________, until finally output is back at the natural rate level.
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A policy in which the money supply is kept growing at a constant rate regardless of the state of the economy is
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Q:
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The Lucas critique indicates that
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