The most likely advocates for a monetary rule would be:
A) Monetarists
B) Real-business-cycle theorists
C) Mainstream economists
D) Supply-side economists

Question

Quizplus · Accepted Answer

Monetarists believe that the key role of the monetary policy is to control the money supply and keep it stable. They advocate for a monetary rule, such as targeting a fixed growth rate of the money supply or inflation, to achieve this goal.

Note: Real-business-cycle theorists, mainstream economists, and supply-side economists don't necessarily advocate for a monetary rule.

The Most Likely Advocates for a Monetary Rule Would Be