Economists Use the Term "Monetary Validation" to Refer to

Economists use the term "monetary validation" to refer to

A) the money supply being increased in response to a demand shock.
B) the Bank of Canada having a credible policy of zero inflation.
C) the money supply being increased in response to a supply or a demand shock that raises the price level.
D) people who hold smaller money balances at higher rates of interest.
E) money supply increases which have been approved by Parliament.