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Milton Friedman S Quiz

The condition of a continually rising price level is defined as

The economist who proposed that, “Inflation is always and everywhere a monetary phenomenon” was

Monetarists and Keynesians both agree with Milton Friedman that

Complete Milton Friedman’s famous proposition: “Inflation is always and everywhere a _____ phenomenon.”

At first cut, the simple solution to fighting inflation is

“How do we prevent the inflationary fire from igniting again and stop the roller coaster ride in the inflation rate of the last 40 years?” Milton Friedman’s famous proposition suggests the simple solution:

Milton Friedman’s proposition concerning the cause of inflation implies a simple solution to the inflation problem:

Milton Friedman’s proposition that inflation is always and everywhere a monetary phenomenon holds only if

The monetarists’ proposition that inflation is always and everywhere a monetary phenomenon holds only if

The Keynesians are willing to accept the monetarists’ proposition that inflation is a monetary phenomenon under the condition that

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