Monetarism

Monetarism, designed for 1st year students studing ecomonimcs 

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  • Created by: Ceri Hall
  • Created on: 10-04-13 18:39

1. Friedman Demand-Pull...

  • Inflation is caused by rising unit costs as full unemployment is approached
  • Inflation is has nothing to do with a monetary phenomenon
  • Inflation is always, everywhere, a monetary phenomenon
  • Inflation is caused by rising unit costs as full employment is approached
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Other questions in this quiz

2. How long did the recession take to recover?

  • 15 Years
  • 9 Months
  • 9 Years
  • 5 Years

3. Ms = Md implies

  • Md = k Y
  • Ms = (Y/V) = k Y
  • Md = (Y/V) = k Y
  • Md = (Y/V)

4. Zero spread liquidity

  • other
  • indicates the highest possible liquidity
  • indicates no liquidity
  • indicates the lowest possible liquidity

5. Who is monetarism not associated with?

  • The Political Right
  • Margret Thatcher
  • Market oriented economics
  • Unemployment
  • Keynes
  • Ronald Reagan
  • Milton Friedman
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