Monetarists argue that ________ should grow at a rate equal to the average growth of real output.
A) the money supply
B) per-capita nominal GDP
C) the velocity of money
D) the personal income tax rate

Question

Quizplus · Accepted Answer

Monetarists believe that the money supply should grow at a rate equal to the average growth of real output to maintain stable prices and avoid inflation or deflation.

Monetarists Argue That ________ Should Grow at a Rate Equal