Monetarists Argue That the Relationship Between the Amount of Money

Monetarists argue that the relationship between the amount of money which households and businesses want to hold and the level of national income:

A) has increased historically because of increased accessibility to credit
B) rises during recessions and falls during periods of full employment
C) falls during recessions and rises during periods of full employment
D) is stable
E) varies both seasonally and through the business cycle in highly unpredictable ways