Nobel laureate Milton Friedman and his followers belong to a school of thought known as monetarism. What do the monetarists argue the Fed should target?
A. The Fed should target NEITHER the interest rate nor the money supply.
B. The Fed should target BOTH the interest rate and the money supply.
C. The Fed should target the money supply, not the interest rate, and that it should adopt the monetary growth rule.
D. The Fed should target the interest rate, not the money supply, and that it should adopt the monetary growth rule.
