Monetarists believe all of the following except:
A) fluctuations in the money supply are responsible for most large fluctuations in the economy.
B) the Fed should keep the money supply growing at a steady rate.
C) slow and steady growth of the money supply would yield stable output, employment, and prices.
D) the Fed should adjust the money supply to adjust to various shocks to the economy.

Question

Quizplus · Accepted Answer

Monetarists believe that the Fed should maintain a steady and predictable growth rate of the money supply, rather than adjusting it in response to various shocks to the economy.

Monetarists Believe All of the Following Except