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#27223
Complete Question Explanation

The correct answer choice is (E)

The author’s use of “ironically” implies that Monetarism would not have seemed likely to grow from Keynesian theory. Ironically does not imply a direct contradiction (answer choice A). Friedman did not employ theory that was contrary to his beliefs (answer choice C), and the author of the passage does not allude to Friedman’s disproving Keynesian theory (as in answer choice D).

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