The Argument Advanced by Milton Friedman for Adopting a Monetary

question 208

Multiple Choice

The argument advanced by Milton Friedman for adopting a monetary growth rule is that

• A)active monetary policy potentially destabilizes the economy.
• B)the Fed can control the money supply,but not the level of interest rates.
• C)a constant rate of growth in the money supply would eliminate the booms and recessions that make up the business cycle.
• D)the growth rate of M1 has been unstable.

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