Economists Use the Term "Monetary Validation" to Refer to

Economists use the term "monetary validation" to refer to

A) the money supply being increased in response to a demand shock.
B) the money supply being increased in response to a supply or a demand shock that raises the price level.
C) money supply increases which have been approved by Parliament.
D) people who hold smaller money balances at higher rates of interest.
E) the Bank of Canada having a credible policy of zero inflation.