The view that inappropriate monetary policy was the main reason for the depth of the Great Depression in the United States is most closely associated with
A) monetarism.
B) the mainstream view.
C) the rational expectations theory.
D) the real-business-cycle theory.

Question

Quizplus · Accepted Answer

The view that inappropriate monetary policy was the main reason for the depth of the Great Depression is most closely associated with monetarism, which emphasizes the importance of controlling the money supply to control economic activity.

The View That Inappropriate Monetary Policy Was the Main Reason