Question 60 / 142:  Nobel Prize–winner Milton Friedman advocated which of the following as an adequate monetary policy?
A  a strict rule in which the money supply should grow at the rate of the long-run economic growth
rate
B  a discretionary rule in which the money supply should be adjusted to control the level of inflation
rate
C  a discretionary rule in which the money supply should be adjusted to counteract aggregate demand
shocks
D  a strict rule in which the money supply should grow 2 percent higher than the long-run economic
growth rate
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Macroeconomics MCQ

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