From a monetarist perspective, instability in the macroeconomy arises from 1..secular trends in the economy. 2..discretionary changes
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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 a policy tool.
4...the use of a monetary rule for monetary policy.
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