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What monetary policy rule does Scott Sumner, one of the leading current market monetarists propose for the Fed to follow now? Group of answer choices
What monetary policy rule does Scott Sumner, one of the leading current market monetarists propose for the Fed to follow now? Group of answer choices Increase the money supply by whatever is necessary to make prices stay constant. Banks should be allowed to make their own private money, which would then be legal money. Increase the money supply by whatever is necessary to make aggregate demand or MxV grow by 5% a year. Make money be backed by government held gold.The money supply in year 1 is $150 and GDP is $900. In year 2, the money supply is $250 and GDP is $1,200. What is velocity in year 2 compared to year 1? Group of answer choices Higher. Not enough information to know. The same. Lower
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