Modern Monetarists Believe That

Modern monetarists believe that

A) the market system is inherently self-stabilizing.
B) the market system may be in equilibrium below full employment.
C) in the long run,increases in the money supply translate into proportionally higher levels of real income.
D) increases in government expenditures will drive a depressed economy rapidly toward full employment.
E) discretionary policy is preferable to policy rules.