Which of the following economists is often credited with establishing the monetarist school of thought?
a. John Maynard Keynes
b. Arthur Laffer
c. A. W. Phillips
d. Milton Friedman
d. Milton Friedman
You might also like to view...
The utility a consumer derives from knowing that others receive benefit from an environmental good is called
a. stewardship value c. direct user value b. indirect user value d. vicarious consumption
The process of moving from disequilibrium to equilibrium in labor markets creates special problems because
a. we are all workers threatened by recession b. we cannot spend money we have not earned c. the process is very short d. the process is especially lengthy e. negative shocks create economic expansions
c. They save consumers time and mental processing power.
a. irrational b. lack of c. marginal d. total
When the Russian government defaulted on its bonds in August 1998:
A. risk spreads did not change. B. risk spreads decreased significantly. C. yields on U.S. Treasury securities fell while yields on corporate bonds rose. D. yields on U.S. Treasury securities rose while prices of corporate bonds rose.