Advocates of Nondiscretionary Policy Emphasize the Importance of a Constant

question 59

Multiple Choice

Advocates of nondiscretionary policy emphasize the importance of a constant money growth rate rule more than the balanced-budget amendment or restrictions on union power because

• A)they regard excessive money growth as the cause of inflation.
• B)they believe that excessive government spending,not excessive monetary growth,is the cause of inflation.
• C)they believe that while unions cause inflation,they are too politically powerful to deal with.
• D)they regard high tax rates as the cause of inflation.

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