Question
Please explain your answers regardless of if the response is True or False f. The Milton Friedman quote, Inflation is everywhere and always a monetary
Please explain your answers regardless of if the response is True or False
f. The Milton Friedman quote, "Inflation is everywhere and always a monetary phenomenon" means that inflation is a phenomenon that is always present. g. F.A. Hayek's Nobel Acceptance Lecture made the case that centralized planning is more important when economies are complex. h. Monetarist economists would most likely argue for the Federal Reserve to have a lot of discretionary power in how to create policy i. Using the IS/LM model to inform your opinion, a ceteris paribus decrease in the money supply (M) in the context of the dividend discount model should increase stock prices j. An increase in the amount of perceived risk in the Mundell-Fleming model would likely lead to an appreciation of the currency relative to other currencies.
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