Noun. 1. haemopoiesis-the formation of blood cells in the living body (especially in the bone marrow). haematogenesis, haematopoiesis, haemogenesis, hematogenesis, hematopoiesis, hemogenesis, hemopoiesis, sanguification. biological process, organic process-a process occurring in living organisms.
Answer Wiki. Monetarism is an economic school of thought that is often associated with economist Milton Friedman. What monetarists believes is that the governments primary economic responsibility is to control and uphold a stable money supply.
But one school of economic thought, called monetarism, maintains that the money supply (the total amount of money in an economy) is the chief determinant of current dollar GDP in the short run and the price level over longer periods.