The policy that a nation's economic vitality would spring from the stock of precious metals accumulated in the public treasury is called monetarism.

Question

Quizplus · Accepted Answer

The policy described in the statement is actually mercantilism, not monetarism. Monetarism is a theory that advocates for controlling the money supply and interest rates to achieve economic stability and low inflation.

The Policy That a Nation's Economic Vitality Would Spring from the Stock