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From a monetarist perspective, instability in the macroeconomy arises from 1..secular trends in the economy. 2..discretionary changes in monetary policy. 3..the instability of velocity as

From a monetarist perspective, instability in the macroeconomy arises from

1..secular trends in the economy.

2..discretionary changes in monetary policy.

3..the instability of velocity as a policy tool.

4...the use of a monetary rule for monetary policy.

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