A believer in the need for a CGRR of the money supply policy must be ________ about the ability of the private economy to self-stabilize and ________ about the accuracy of discretionary stabilization policy.
A)optimistic,optimistic
B)optimistic,pessimistic
C)pessimistic,optimistic
D)pessimistic,pessimistic

Question

Quizplus · Accepted Answer

A believer in a constant growth rate rule (CGRR) for the money supply is optimistic about the private economy's ability to self-stabilize and pessimistic about the accuracy of discretionary stabilization policy, preferring rules over discretion.

A Believer in the Need for a CGRR of the Money