ADM-614 Topic 7 DQ 2 - As a monetarist, Milton Freidman suggested that the government…
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ADM-614 Topic 7 DQ 2
Economics for Public Administrators - Principles of Monetary Policy
As a monetarist, Milton Freidman suggested that the government should only release the amount of money into the economy that matches the GDP production. Discuss how the entire demand curve for money will adjust to the equilibrium point. Would you agree with Milton Freidman’s opinion on the ability of monetary policy to address economic problems? Explain your rationale.