The school of thought in economics that focuses on the role that the money supply plays in determining nominal GDP and inflation is called:
A) Keynesianism.
B) monetarism.
C) fiscalism.
D) money marketism.

Question

Quizplus · Accepted Answer

Monetarism is the school of thought that emphasizes the importance of controlling the money supply to manage economic stability and inflation. It was popularized by economist Milton Friedman.

The School of Thought in Economics That Focuses on the Role