please translate this to logic
- If the Monetarists (M) are right, then there
is an increase in inflation (I) if and only if the
money supply increases too fast (F). If the
Keynesians (K) are right, then there is an
increase in inflation if and only if there is a decrease in
unemployment (D). If the Libertarians
(L) are right, there is an increase in inflation
if and only if the federal government spends more than it takes in
(S). The money supply increases too fast only if
taxes are too low (T), and the federal government
spends more than it takes in only if taxes are too low. There is no
decrease in unemployment and taxes are not too low, but there is an
increase in inflation. Therefore, neither the Monetarists, nor the
Keynesians, nor the Libertarians are right.