Monetarism is a school of thought put forth by Milton Friedman.He argued that the economy would most likely
A)be below potential GDP.
B)be at potential GDP.
C)be unstable.
D)be above potential GDP.

Question

Quizplus · Accepted Answer

Monetarism suggests that the economy will operate at its potential GDP level if the money supply is controlled properly. Therefore, the correct answer is "be at potential GDP."

Monetarism Is a School of Thought Put Forth by Milton