Question

Compare Friedman’s on monetary policy in the short-run and in the long run?

Answer 1

Friedman's on monetary policy in the short-run is based on the aspects which make employees and customers get encouraged within a short period. For instance, reward is an example of a short-run since it makes clients get motivated for a short period. However, the long-run focuses on maintaining customers for a long periods. For instance, lowering interest rates may encourage customers to spend more for a long time.