Problem
"The Great Contraction (1929-1939) is a tragic testimony to the power of money-not as Keynes and so many of his contemporaries believed, evidence of its unimportance"- Milton Friedman.
a. Explain why you either agree or disagree. Present empirical evidence to support your view.
b. Do you think the Great Depression is most consistent with the Keynesian or monetarist view of the business cycle? Why?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.