Milton Friedman's proposition concerning the cause of inflation implies a simple solution to the inflation problem:
A)reduce government budget deficits.
B)limit the ability of fiscal policymakers to bring pressure to bear on the monetary authority.
C)limit the number of terms that politicians are allowed to serve.
D)reduce the growth rate of the money supply.

Question

Quizplus · Accepted Answer

Milton Friedman's proposition concerning the cause of inflation attributes it mostly to the growth rate of the money supply. Therefore, the simplest solution to the inflation problem is reducing the growth rate of the money supply.

Milton Friedman's Proposition Concerning the Cause of Inflation Implies a Simple