The Austrian View of the Business Cycle Stresses That

The Austrian view of the business cycle stresses that

A) expansionary monetary policy will stimulate aggregate demand and thereby promote lengthy economic expansions.
B) the velocity of money is constant and therefore an increase in the quantity of money will lead only to a proportional increase in the general level of prices.
C) expansionary monetary policy will lead to higher interest rates that will retard investment and throw the economy into a recession.
D) the interest rate is one of the most important prices and manipulation of the interest rate by monetary policy-makers is a major source of economic instability.