What strict rule did Milton Friedman believe would provide for greater price stability?
A) GDP should not go above 5 percent.
B) Unemployment should never be above 10 percent.
C) Inflation should stay below 3 percent a year.
D) Money supply should grow by 3 percent annually.

Question

Quizplus · Accepted Answer

Milton Friedman advocated for a monetary policy rule where the money supply should grow at a constant rate, specifically around 3-5 percent annually, to ensure price stability and avoid inflation or deflation.

What Strict Rule Did Milton Friedman Believe Would Provide for Greater