Explain monetarist and monetary policy, Microeconomics

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Explain Monetarist and Monetary policy

Monetarist:   A group of economists who believe that alters in the money supply are the most effective instrument of government economic policy, and the major determinant of the price level. 

 Monetary Policy:   The use by government of alters in the supply of money and interest rates to achieve desired economic policy objectives.

 


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