So-called market monetarists suggest that the Fed, based on economic performance data over the past many decades, should aim for which of the following targets?
A)a 5 percent per year growth in nominal GDP
B)a 5 percent per year inflation rate
C)a 5 percent unemployment rate
D)a 5 percent per year expansion of real GDP

Question

Quizplus · Accepted Answer

Market monetarists advocate for targeting a stable growth rate in nominal GDP, often suggesting a target around 5 percent per year, as it combines both real GDP growth and inflation.

So-Called Market Monetarists Suggest That the Fed, Based on Economic