The argument advanced by Milton Friedman for adopting a monetary growth rule is that

A) active monetary policy potentially destabilizes the economy.
B) a constant rate of growth in the money supply would eliminate the booms and recessions that make up the business cycle.
C) the growth rate of M1 has been unstable.
D) the Fed can control the money supply, but not the level of interest rates.

A

Economics

You might also like to view...

Refer to the table below. The average variable cost of producing 35 units of output is:



A. $6.00
B. $7.43
C. $4.57
D. $1.43

Economics

What is the opportunity cost of moving from point B to point A?


Economics