monetarism

Definition

School of economic thought (also called the Chicago School) which proposes that the quantity of money (the money supply) in an economy is a key determinant (1) of economic activity, (2) in creating or curbing inflation, and (3) in managing economic-cycles. In contrast to Keynesian economics, monetarism maintains that changes in money supply greatly influence aggregate demand. And that, any attempt by a government to increase aggregate-demand (by injecting more money in the economy) will, in the long-term if not earlier, will instead result in higher prices. It is against any attempt to control economy through fiscal-policy, and advocates supply-side economics and cutting government-spending. Credited for preventing economic-depressions for the last 60 years, its influence on economic policy-makers is attributed largely to the University of Chicago economists, chiefly the Nobel-laureate professor Milton Friedman (1912-2006).

Use 'monetarism' in a Sentence

You may want to break things down from a monetarism perspective so that you can figure out how to maximize your profits.

The monetarism school of thought was philosophically and analytically understood and its central principles or tenets were expounded upon by the professor.

You need to make sure you fully understand how monetarism works and try to use it to your fullest advantage.

单词	monetarism
释义	monetarism Definition School of economic thought (also called the Chicago School) which proposes that the quantity of money (the money supply) in an economy is a key determinant (1) of economic activity, (2) in creating or curbing inflation, and (3) in managing economic-cycles. In contrast to Keynesian economics, monetarism maintains that changes in money supply greatly influence aggregate demand. And that, any attempt by a government to increase aggregate-demand (by injecting more money in the economy) will, in the long-term if not earlier, will instead result in higher prices. It is against any attempt to control economy through fiscal-policy, and advocates supply-side economics and cutting government-spending. Credited for preventing economic-depressions for the last 60 years, its influence on economic policy-makers is attributed largely to the University of Chicago economists, chiefly the Nobel-laureate professor Milton Friedman (1912-2006). Use 'monetarism' in a Sentence You may want to break things down from a monetarism perspective so that you can figure out how to maximize your profits. The monetarism school of thought was philosophically and analytically understood and its central principles or tenets were expounded upon by the professor. You need to make sure you fully understand how monetarism works and try to use it to your fullest advantage.
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