Monetarists believe all of the following except:
A)fluctuations in the money supply are responsible for most fluctuations in the economy.
B)the Bank of Canada should keep the money supply growing at a steady rate.
C)slow and steady growth of the money supply would yield stable output, employment, and prices.
D)the Bank of Canada should adjust the money supply to adjust to various shocks to the economy.

Question

Quizplus · Accepted Answer

Monetarists generally believe in a fixed rule for money supply growth rather than adjusting it in response to economic shocks.

Monetarists Believe All of the Following Except