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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 would eliminate the booms
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21 votes
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.

User Michael Herrmann
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21 votes
21 votes

Answer:

C. active monetary policy potentially destabilizes the economy.

Step-by-step explanation:

User Thomas Grady
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