A Factor Increasing the Popularity of Monetarism in the Late

question 211

Multiple Choice

A factor increasing the popularity of monetarism in the late 1970s was the

• A)ease with which the Fed controlled the money supply.
• B)excellent performance of the economy in the 1970s.
• C)fear of budget deficits and growing federal debt.
• D)predictable behavior of velocity until about 1980.

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