Milton Friedman's suggestion to keep M1 and M2 growing at a steady rate regardless of economic conditions is a
A) monetary rule.
B) constant elasticity rule.
C) blind economic policy.
D) straight path rule.

Question

Quizplus · Accepted Answer

Milton Friedman's suggestion is known as a monetary rule, which involves keeping the growth rate of the money supply at a steady rate regardless of economic conditions. This rule is intended to provide a stable monetary environment for economic growth and stability. The other choices, constant elasticity rule, blind economic policy, and straight path rule, do not accurately describe Friedman's suggestion.

Milton Friedman's Suggestion to Keep M1 and M2 Growing at a Steady