Question

The monetary rule is the view of the: a.Monetarists that the Fed should expand the money supply at a constant rate. b.Monetarists that monetary policy is most important. c.Classical economists that monetary policy is most important. d.Keynesians that monetary policy is most important. g

Answer 1

The monetary rule is the view of the Monetarists that the Fed should expand the money supply at a constant rate.

What is Monetary rule?

The monetary rule states that there has to be constant monetary growth. Friedman, who died in 2006, proposed a monetary policy stating, stating that the Fed should be required to regulate inflation rate to match the rate of real GDP growth, leaving inflation unchanged.

Monetarism is a macroeconomic theory that governments can promote economic stability by targeting inflation.

In fact, a collection of ideas based on the belief that the total amount of money in the economy is the key to economic growth.

Thus, The monetary rule is the view of the Monetarists that the Fed should expand the money supply at a constant rate.

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