To Monetarists,the Monetary Base Is Important Because

To monetarists,the monetary base is important because

A) it is unaffected by policy actions of the Fed.
B) unlike the money supply, interest rates are not affected by changes in the monetary base.
C) it is based on the gold certificate holdings of the Fed.
D) the total money supply is dependent on as well as made from it.
E) it constitutes the broadest possible definition of the money supply.

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