Which of the following groups believes that the money supply should be expanded at a steady,predictable rate to ensure a natural rate of unemployment?
A)New classical economists.
B)Keynesians.
C)Supply-siders.
D)Monetarists.

Question

Quizplus · Accepted Answer

Monetarists believe that the money supply should be expanded at a steady, predictable rate to ensure a natural rate of unemployment. This is based on the idea that changes in the money supply affect economic activity and that inflationary expectations are largely based on the public's expectations of the rate of growth of the money supply.

Which of the Following Groups Believes That the Money Supply