According to the monetarists, policy makers should follow a monetary rule, which means that  A) the Bank of Canada should increase the money supply smoothly at a rate consistent with the economy's long-run average growth rate.  B) the Bank of Canada should keep interest rates stable.  C) the Bank of Canada should return to the gold standard.  D) Parliament should take over the Bank of Canada's open market powers.

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter14: Money And The Economy
Section14.2: Monetarism
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According to the monetarists, policy makers should follow a monetary rule, which means that 

A) the Bank of Canada should increase the money supply smoothly at a rate consistent with the economy's long-run average growth rate. 

B) the Bank of Canada should keep interest rates stable. 

C) the Bank of Canada should return to the gold standard. 

D) Parliament should take over the Bank of Canada's open market powers. 

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