Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Q. What is Monetarism?

Monetarism:Monetarism was a right-wing economic theory (associated with work of Milton Friedman, in particular) which believed that inflation could be controlled or eliminated by strictly controlling, over long periods of time, growth of the total supply of money in the economy. This theory was proven wrong in 1980s (when it became clear that it is impossible, in a modern financial system, to control supply of money). More broadly, monetarism believes that inflation is a major danger to economic performance and must be controlled through disciplined policies; modern ‘quasi-monetarists' agree with this view, however now use high interest rates (instead of monetary targeting) to indirectly regulate the money supply.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9579377

Have any Question?


Related Questions in Microeconomics

Question your executive team has asked you to be a mentor

Question: Your executive team has asked you to be a mentor for a new MBA graduate who was assigned to accompany you on your next trip to Asia. As you begin your discussion with the new graduate, you sense that there are ...

Question in the land of purity there is only one form of

Question: In the Land of Purity, there is only one form of pollution, called "gunk." Table 12.14 shows possible combinations of economic output and reduction of gunk, depending on what kinds of environmental regulations ...

Question currently the law prevents courts or police from

Question: Currently, the law prevents courts or police from releasing information about the criminal records of people under 18 years old. Members of certain minorities are more likely than other persons to have had prob ...

Question answer the following in 150-200 words in

Question: Answer the following in 150-200 words. In Federalism, how has the relationship between the national and state governments changed over time? Discuss the types of Federalism (Dual Federalism, Cooperative Federal ...

Question 1 suggest two regulations that the reserve bank of

Question: 1. Suggest two regulations that the Reserve Bank of New Zealand could introduce to reduce the risk of asset price bubbles in the future. 2. Write a note on the prospects for economic growth in New Zealand for t ...

Question the local supermarket offers melons for 1 a pound

Question: The local supermarket offers melons for $1 a pound, but the farmer who grows it receives only 20 cents. The remainder goes for the costs of transport and retailing. Under what circumstances would the farmer pre ...

Question read the article the ethics of big data based on

Question: Read the article, The Ethics of Big Data. Based on the content presented in the article, describe the microeconomic principles being used, in other words what is the impact for demand? List the different types ...

Question a 5-year macrs class equipment that costs 50000

Question: A 5-year MACRS class equipment that costs $50,000 was sold for $15,000 after depreciating it for 3 years using MACRS. What is the amount of depreciation recapture? The response must be typed, single spaced, mus ...

Question a copy company wants to expand production it

Question: A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers and output increased by 100,000 pages per day. One month ago, they adde ...

Question suppose that the quantity of money in circulation

Question: Suppose that the quantity of money in circulation is fixed but the income velocity of money dou- bles. If real GDP remains at its long-run poten- tial level, what happens to the equilibrium price level? The res ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As