Monetarists Emphasize the Fact That

Multiple Choice

Monetarists emphasize the fact that

A) the growth rate of money supply determines the inflation rate only in the short run
B) instability in the growth rate of money causes instability in economic activity
C) since monetary policy has powerful effects on the economy, it should be used actively to fine-tune the economy
D) in conducting monetary policy, setting interest rate targets is preferable to setting monetary targets
E) all of the above