Monetarists Argue That the Money Supply Should

question 154

Multiple Choice

Monetarists argue that the money supply should

• A) grow at a rate equal to the average growth of real output.
• B) grow at a rate slower than the average growth of real output.
• C) grow at a rate greater than the average growth of real output.
• D) be held constant over the business cycle.

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Definitions:

Bryophyta

A division of non-vascular plants that includes mosses, liverworts, and hornworts, characterized by a life cycle dominant in the gametophyte stage.

Whisk Ferns

Primitive, vascular plants belonging to the genus Psilotum, characterized by their simple, whisk-like appearance, lacking true leaves and roots.

Bryophyta

Bryophyta is a division of non-vascular plants that includes mosses, liverworts, and hornworts, characterized by a life cycle dominated by the gametophyte stage.

Club Mosses

Ancient group of non-flowering plants belonging to the division Lycophyta, characterized by their small, scale-like leaves and production of spores.