Assignment:
To complete this activity, you will first need to access the following web sites and research historical inflation rates and money growth data:
https://www.nowandfutures.com/key_stats.html#ell
https://www.bls.gov/cpi/
• Review and compare the trends in money supplies/ aggregates to the trend in the CPI over several decades.
• State your opinion about the validity of Monetarism (Friedman's famous quote that inflation is everywhere and always a monetary phenomenon).
• Has Monetarism been an effective tool for conducting monetary policy?
• What role does monetarism have in current monetary policy?
Your posts must be substantive and must comment on, question, or challenge your classmates' thoughts.
200-300 words. APA format