Preference

Question: What is a central assertion of 'Monetarist' economics?

  1. a.
    Fiscal policy should be used for the continuous management of the company
  2. b.
    The money supply dominates determination of aggregate monetary expenditure
  3. c.
    The valocity of circulation of money is unstable over time
  4. d.
    Major recessions can occur despite an unchanged money supply
  5. e.
    None of these
Answer: b
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