Which of the following events prompted the birth of market monetarism?
A) the Great Depression
B) the Great Recession
C) the 1907 Bankers' Panic
D) the establishment of the European Union

Question

Quizplus · Accepted Answer

Market monetarism was born out of the Great Recession, as a response to the perceived inadequacies of both Keynesian and monetarist policies. Its proponents argued that the central bank should target nominal spending rather than interest rates or the money supply, in order to stabilize the economy and avoid deflationary spirals.

Which of the Following Events Prompted the Birth of Market