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According to monetarism: changes in the money supply affect the real output only in the long run. the Fed should vary the growth rate of
According to monetarism:
changes in the money supply affect the real output only in the long run.
the Fed should vary the growth rate of the money supply on a monthly basis.
output will grow steadily if the money supply grows at a steady rate.
Congress and the president should be responsible for controlling the money supply.
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