Why have economists abandoned the use of money-growth rules in the United States?
A)Because the Fed can no longer control the money supply
B)Because the velocity growth rate has been too stable
C)Because of instability in money demand
D)Because money-growth rules are overly activist

Question

Quizplus · Accepted Answer

Instability in money demand has made it difficult for the Federal Reserve to control the money supply, leading economists to abandon the use of money-growth rules in the United States.

Why Have Economists Abandoned the Use of Money-Growth Rules in the United