问题


There is a single choice question about high school macroeconomics. Answer the question by replying A, B, C or D.
Question: According to Monetarist theory
A. the FED should actively conduct monetary policy.
B. changes in the money supply do not have significant effects.
C. fiscal policy is the preferred way of shifting the aggregate demand curve.
D. the FED should allow the money supply to grow at a constant rate.
Answer:

答案

模型 模型答案 正确答案
金声玉亮2.0

D
D
deepseekr1

D. Monetarist theory, associated with Milton Friedman, advocates for a rule-based approach to monetary policy rather than active intervention. They argue that a steady, predictable growth rate in the money supply (e.g., tied to GDP growth) minimizes economic instability caused by discretionary policy lags and errors. Options A and C contradict this view, as Monetarists oppose active monetary/fiscal tinkering. Option B is incorrect because Monetarists emphasize the significant impact of money supply changes on the economy. Thus, **D** is correct.

Answer: D
D
gpto1 D D
GPT-4o D. the FED should allow the money supply to grow at a constant rate. D
llama3.1-70B-Instruct

D
D
llama3.1-405B-Instruct

D
D
DeepSeek-Coder-V2 D D
Qwen2-72B-Instruct D. the FED should allow the money supply to grow at a constant rate. D
baichuan4 D D
doubao D

The monetarist theory emphasizes the importance of the money supply and often advocates for the Fed to allow the money supply to grow at a relatively stable and predictable rate.
D
minimax D. the FED should allow the money supply to grow at a constant rate. D
kimi D. the FED should allow the money supply to grow at a constant rate.

Monetarist theory, associated with economists such as Milton Friedman, emphasizes the importance of the money supply in influencing economic activity. Monetarists argue that the central bank, such as the Federal Reserve in the United States, should aim to control the money supply and allow it to grow at a steady rate to promote long-term economic stability. This approach contrasts with the idea of active monetary policy intervention and suggests that fiscal policy is less effective in influencing aggregate demand compared to monetary policy.
D
wenxinyiyan D

Monetarist theory emphasizes the importance of the money supply as a determinant of economic activity and inflation. Monetarists believe that changes in the money supply have a significant impact on the economy and that monetary policy, rather than fiscal policy, is the most effective tool for influencing aggregate demand.

A. the FED should actively conduct monetary policy. - This option suggests active management of monetary policy, which is not inconsistent with Monetarism, but it does not specifically reflect the core belief of Monetarists about the growth rate of money supply.

B. changes in the money supply do not have significant effects. - This option contradicts the fundamental principle of Monetarism, which states that changes in the money supply do have significant effects on the economy.

C. fiscal policy is the preferred way of shifting the aggregate demand curve. - Monetarists typically argue that monetary policy, not fiscal policy, is the more effective tool for influencing aggregate demand.

D. the FED should allow the money supply to grow at a constant rate. - This option aligns with the Monetarist view that a steady and predictable growth rate of the money supply is beneficial for economic stability. Monetarists often advocate for a rule-based monetary policy, such as a constant growth rate of the money supply, to reduce uncertainty and promote economic growth without inflationary pressures.
D
zhipu D. the FED should allow the money supply to grow at a constant rate.

Monetarist theory, championed by economists like Milton Friedman, suggests that the best way to manage the economy is to keep the money supply growing at a steady, predictable rate. This approach is meant to avoid the fluctuations and uncertainty that can arise from active discretionary monetary policy.
D
gpto1 D D