If the Fed followed Milton Friedman's monetary rule,it would increase the money supply to fight recession and decrease the money supply to fight inflation.

Name: If the Fed followed Milton Friedman's monetary rule,it would increase the money supply to fight recession and decrease the money supply to fight inflation.
Brand: Quizplus
Rating: 4.8 (22 reviews)

Question

Quizplus · Accepted Answer

Milton Friedman's monetary rule advocates for a constant growth rate of the money supply, regardless of economic conditions, rather than adjusting it to fight recession or inflation.

If the Fed Followed Milton Friedman's Monetary Rule,it Would Increase