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In a Study Published in 1963,Milton Friedman and Anna Schwartz

Question 17

Multiple Choice

In a study published in 1963,Milton Friedman and Anna Schwartz found that in every business cycle they studied over nearly a hundred-year period,the growth rate of the ________ decreased before ________ decreased.


A) money supply;interest rates
B) money supply;output
C) budget deficit;interest rates
D) budget deficit;output

Correct Answer:

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