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According to the monetarists, which of the following is true? a. Instability in the money supply is the primary cause of economic instability. b. A
According to the monetarists, which of the following is true? a. Instability in the money supply is the primary cause of economic instability. b. A reduction in the money supply will cause consumers to increase spending. c. A reduction in the money supply will cause a proportional reduction in wages and prices, leaving output unchanged. d. Rapid growth rate of the money supply will lead to a rapid growth rate of real GDP
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