Which of the following are TRUE regarding Milton Friedman's k- percent money targeting rule?
I. Currently this policy is used by many policy makers.
II. This rule sets the growth rate of the quantity of money independently of the economy's behavio
A) I only
B) II only
C) neither I nor II
D) both I and II

Question

Quizplus · Accepted Answer

Currently, many policy makers do not use Milton Friedman's k-percent money targeting rule. The rule sets the growth rate of the quantity of money independently of the economy's behavior.

Which of the Following Are TRUE Regarding Milton Friedman's K-