The Argument Advanced by Economist Milton Friedman for Adopting a Monetary

The argument advanced by economist Milton Friedman for adopting a monetary growth rule is that

A) active monetary policy potentially destabilizes the economy.
B) central banks can control the money supply, but not the level of interest rates.
C) a constant rate of growth in the money supply would eliminate the booms and recessions that make up the business cycle.
D) the growth rate of M1+ has been unstable.
E) active monetary policy is the only defense a modern economy has against recession.

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