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Milton friedman argument

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Reference no: EM131271270

Milton Friedman's argument was that the Fed should follow a monetary policy rule:

1. Where the money supply would remain constant

2. Where they MS would grow at a slow and steady rate

3. Where the MS would grow proportionally with the price level

4. Where the MS would grow at the same rate as the national debt growth rate

5. Where the MS would grow at the same rate as the GDP growth rate

Reference no: EM131271270

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