One difficulty in attempting to stabilize the economy by controlling the money supply is that

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The money demand function, which indicates how much money people want to hold for transactions and asset purposes, may not remain stable and can be affected by a variety of factors such as changes in income, interest rates, and expectations. As a result, controlling the money supply may not have the anticipated effect on the economy, making it a challenge to stabilize the economy using this strategy.

One Difficulty in Attempting to Stabilize the Economy by Controlling