Monetarists accept the main variable affecting expansion or emptying is the way quick the cash supply...

Transcribed Image Text:

Monetarists accept the main variable affecting expansion or emptying is the way quick the cash supply develops or contracts. They think about financial arrangement, or government spending and tax collection, as ineffectual in controlling inflation.[47] The monetarist market analyst Milton Friedman broadly expressed, "Expansion is generally and wherever a money related phenomenon."[48] Monetarists accept the main variable affecting expansion or emptying is the way quick the cash supply develops or contracts. They think about financial arrangement, or government spending and tax collection, as ineffectual in controlling inflation.[47] The monetarist market analyst Milton Friedman broadly expressed, "Expansion is generally and wherever a money related phenomenon."[48]