Monetarists Believe All of the Following Except

question 89

Multiple Choice

Monetarists believe all of the following except:

• A) fluctuations in the money supply are responsible for most large fluctuations in the economy.
• B) the central bank 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 central bank should adjust the money supply to adjust to various shocks to the economy.

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Definitions:

Pollution

The presence or introduction of harmful substances or contaminants into the natural environment, causing adverse effects.

Emissions Standard

Regulations that set limits on the amount of pollutants that can be emitted from sources like vehicles and factories.

Pollution

The contamination of the environment by harmful or poisonous substances, leading to detrimental effects on living organisms and the natural habitat.

Marginal Benefit

The increase in an individual's or society's well-being from consuming or producing an additional unit of a good or service, emphasizing its incremental aspect.