Which group of economists disagrees with discretionary monetary policy in favor of a monetary rule that prescribes a slow increase in the money supply?
A) Keynesians
B) monetarists
C) supply-side economists
D) classical economists

Question

Quizplus · Accepted Answer

Monetarists believe that discretionary monetary policy can lead to instability and inflation, and instead advocate for a monetary rule that sets a target for a slow, steady increase in the money supply. Keynesians, on the other hand, support the use of discretionary policy to stabilize the economy. Supply-side economists focus on the role of tax and regulatory policies in promoting economic growth, while classical economists endorse laissez-faire policies and believe that markets will naturally self-regulate.

Which Group of Economists Disagrees with Discretionary Monetary Policy in Favor