OPSC OCS 2025 · Question 75 of 84
Economy
Monetarism is the school of economic thought associated with Milton Friedman (IV). Friedman argued that the quantity of money in an economy is the primary determinant of nominal GDP in the short run and the price level in the long run.
Source: OPSC OCS Prelims 2025 GS Paper-I (Set D); answers per Apti Plus unofficial key
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