Critics of Monetarism argue that the factor that is more important than the supply of money is

Question

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Critics argue that while the supply of money may have some impact on the economy, the expansion and contraction of credit is a far more important factor. This is because credit is what allows individuals and businesses to borrow and invest, which in turn affects spending, investment, and ultimately economic growth. Therefore, controlling the supply of money alone may not be sufficient to achieve economic stability and growth.

Critics of Monetarism Argue That the Factor That Is More