Monetarists Believe All of the Following Except

Multiple Choice

Monetarists believe all of the following except:

A) fluctuations in the money supply are responsible for most large fluctuations in the economy.
B) the Fed should keep the money supply growing at a steady rate.
C) slow and steady growth of the money supply would yield stable output, employment, and prices.
D) the Fed should adjust the money supply to adjust to various shocks to the economy.