A factor increasing the popularity of monetarism in the late 1970s was the
A. ease with which the Fed controlled the money supply.
B. excellent performance of the economy in the 1970s.
C. fear of budget deficits and growing federal debt.
D. predictable behavior of velocity until about 1980.
Answer: D
Economics
You might also like to view...
Pegging a country's exchange rate to the dollar can be advantageous if
A) investors believe the dollar to be more stable than the domestic country's currency. B) a country wishes to conduct independent monetary policy. C) imports are not a significant fraction of the goods the country's consumers buy. D) the country does not trade much with the United States.
Economics
M1 does not include
A) MMMFs. B) travelers' checks. C) currency. D) transaction accounts.
Economics