Monetarists believe that decreases in the money supply will affect output in the long run.

Name: Monetarists believe that decreases in the money supply will affect output in the long run.
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Monetarists, following Milton Friedman's theories, believe that changes in the money supply primarily affect prices in the long run, rather than output, which tends to return to its natural rate regardless of monetary policy.

Monetarists Believe That Decreases in the Money Supply Will Affect