Because monetarists believe that output is sensitive to changes in the money supply, they recommend that the money supply be allowed to grow at a steady and predictable rate.
Answer the following statement true (T) or false (F)
True
Steady growth of the money supply reduces uncertainty and allows for steady economic growth, ensuring that the growth in money demand is accompanied by an increasing money supply to finance an increasing number of transactions.
Economics
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The above figure shows the isoquants for producing steel. Decreasing returns to scale are
A) present when producing more than 10,000 tons. B) present when producing more than 20,000 tons. C) present when producing more than 30,000 tons. D) never present.
Economics
If a decrease in the price of good A causes an increase in the demand for good B, then A and B must be complements
a. True b. False
Economics