The relationship between money growth rates and inflation between 1982 and 2010 helps explain why, by the 1990s, most economists had
a. adopted the monetarist explanation of inflation.
b. adopted a rules-only approach to monetary policy.
c. become more convinced of the monetary causes of inflation.
d. abandoned monetarism as the primary explanation of inflation.
d
Economics
You might also like to view...
Suppose a bond has a coupon of $40, face value of $1000, and current price of $950. What is the coupon rate? What is its current yield? Report a percentage with two decimal places
What will be an ideal response?
Economics
Open market purchases of bonds by the Federal Reserve eventually
a. reduce the pressures on bond markets b. increase real GDP c. lead to open market sales of bonds d. increase the interest rate e. encourage tax increases
Economics