Nobel Prize-winning economist Milton Friedman says, "Inflation is always and everywhere a _____."
What will be an ideal response?
monetary phenomenon
You might also like to view...
What causes the market supply curve to shift rightward?
a. Increase in the aggregate demand b. Decrease in the number of existing firms c. Decrease in the price level d. Increase in the cost of production e. Entry of new firms
A firm's total cost is $10,000. Its variable cost is $5,500. What is the firm's fixed cost?
a. $2.22 b. $3,500 c. $4,500 d. $5,500 e. none of the above
The fair or flat tax suggested to make the income tax system more fair to the citizens would result in
A. decreasing the impact of automatic stabilizers. B. increasing the impact of automatic stabilizers. C. generate a larger revenue to the federal government and decrease deficits. D. not affect the effectiveness of automatic stabilizers.
What was the consequence of the United States putting an anti-dumping tax on flat panel displays?
a. It created a trade war with other countries. b. It protected buyers from paying a low price for flat panels display. c. It increased employment in the United States. d. It drove the laptop manufacturing industry out of the United States.