The Relationship Between Money Growth Rates and Inflation Between 1982

Multiple Choice

The relationship between money growth rates and inflation between 1982 and 2010 helps explain why, by the 1990s, most economists had

A) adopted the monetarist explanation of inflation.
B) adopted a rules-only approach to monetary policy.
C) become more convinced of the monetary causes of inflation.
D) abandoned monetarism as the primary explanation of inflation.