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the role of government in controlling the amount of money in circulation in order to prevent inflation
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What is emphasized in the monetarism school of thoughts?
the role of government in controlling the amount of money in circulation in order to prevent inflation
What is emphasized in the monetarism school thought?
Monetarism emphasizes the the role of governments in controlling the amount of money in circulation.
What aspect of Hinduism was emphasized in the Vedanta school of thought?
Vegetarianism
Which school of psychology thought emphasized the purpose of the conscious mind?
functionalism
Which school of thought in psychology emphasized the purpose of behavior?
The school of thought that emphasized the purpose of behavior in psychology was functionalism. Functionalism focused on understanding how mental processes and behavior serve a purpose or function in helping organisms adapt to their environment. Key figures associated with functionalism include William James and John Dewey.
As the leader of the Chicago School Milton Friedman became associated with what economic theory based on controlling the supply of money in an economy?
Monetarism
What arethe distinguishing features of monetarism?
monatrism
What is the main idea of monetarianism?
Monetarism is a school of economic thought that emphasizes the role of government control over the money supply to achieve economic stability and growth. It argues that fluctuations in the money supply are the primary cause of economic fluctuations, and advocates for central bank intervention to control inflation and stabilize the economy.
Who is the economist that is most often linked to monetarism?
Kennedy
What economic theory did Milton Friedman espouse?
Monetarism.
Which formula summarizes Friedman's theory of monetarism?
Mv = pq
What has the author G R Steele written?
G. R. Steele has written: 'Keynes and Hayek' 'Monetarism and the demise of Keynesian economics' -- subject(s): Chicago school of economics, Classical school of economics, Keynesian economics, Quantity theory of money
