The most likely advocates for a monetary rule would be
A) monetarists.
B) real-business-cycle theorists.
C) mainstream economists.
D) supply-side economists.

Question

Quizplus · Accepted Answer

Monetarists are proponents of the use of monetary policy rules, such as controlling the growth rate of the money supply, to stabilize the economy. They argue that discretionary monetary policy can be unpredictable and lead to economic instability. Real-business-cycle theorists focus on the role of real shocks in the economy and may prioritize other policy levers, such as reducing tax rates, over monetary policy rules. Mainstream economists may have varying views on monetary policy rules, but it is likely that monetarists would be the most vocal advocates for such rules. Supply-side economists tend to focus on policies that promote economic growth, such as reducing regulations and taxes, and may not place as much emphasis on monetary policy rules.

The Most Likely Advocates for a Monetary Rule Would Be