(Last Word) Market Monetarists Advocate That the Fed "Target the Forecast

question 211

Multiple Choice

(Last Word) Market monetarists advocate that the Fed "target the forecast" (of the predicted nominal GDP growth rate) , claiming primarily that it will

• A) promote economic stability by ensuring that total spending will grow at a predictable rate each year.
• B) prevent high rates of inflation.
• C) keep the economy at its natural rate of unemployment.
• D) prevent real GDP from growing too much.

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