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Business, 26.07.2020 01:01 cubist7472

Economist Jones favors a constant-money-growth-rate rule. She says that if the annual money supply growth rate each year is equal to the average annual growth rate in Real GDP, price stability will exist over time. What would economist Smith, who favors activist monetary policy, say to economist Jones?

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Economist Jones favors a constant-money-growth-rate rule. She says that if the annual money supply g...

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