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.

)

 

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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