Proponents of the monetarist approach to economic stabilization think that the growth of the money supply should be approximately equal to

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Proponents of the monetarist approach believe that the growth of the money supply should be equal to the long-term average growth of real output, as this ensures low inflation and stable economic growth. The other options do not align with the basic principles of monetarism.

Proponents of the Monetarist Approach to Economic Stabilization Think That