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Mainstream vs. Monetarism

APMACR-1KAJW7

In terms of the velocity of money and growth policy Mainstream macroeconomists and monetarists

A

disagree; mainstreamers believe velocity of money is stable and monetarists do not.

B

disagree; mainstreamers do not believe velocity is stable, monetarists do.

C

both agree that money velocity is unstable.

D

both agree that money velocity is stable.

E

are similar in that there is no consensus about velocity within each field.