2. Which of the following is a central point of monetarism? a. Business cycles are associated with...
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2. Which of the following is a central point of monetarism?
a. Business cycles are associated with fluctuations in money demand.
b. Activist monetary policy is the best way to address business cycles.
c. Discretionary monetary policy is effective while discretionary fiscal policy is not.
d. The Fed should follow a monetary policy rule.
e. All of the above.
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