The argument advanced by Milton Friedman for adopting a monetary growth rule is that A. the growth rate of M1 has been unstable. B. a constant rate of growth in the money supply would eliminate the booms

The argument advanced by Milton Friedman for adopting a monetary growth rule is that A. the growth rate of M1 has been unstable. B. a constant rate of growth in the money supply would eliminate the booms and recessions that make up the business cycle. C. active monetary policy potentially destabilizes the economy. D. the Fed can control the money supply, but not the level of interest rates.

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The argument advanced by Milton Friedman for adopting a monetary growth rule is that A. the growth rate of M1 has been unstable. B. a constant rate of growth in the money supply…

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