If the Federal Reserve followed Milton Friedman's monetary rule, it would increase the money supply to fight recessions and decrease the money supply to fight inflation.

Name: If the Federal Reserve followed Milton Friedman's monetary rule, it would increase the money supply to fight recessions and decrease the money supply to fight inflation.
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Friedman's monetary rule suggests a constant growth rate of the money supply, not adjusting it for economic conditions like recessions or inflation.

If the Federal Reserve Followed Milton Friedman's Monetary Rule, It