Milton Friedman helped to establish the economic theory of monetarism.Which statement best describes the idea of monetarism?

Monetarism emphasizes the role of the money supply in shaping economic activity and argues that monetary policy is the most effective tool for influencing growth. Therefore, the best description is “Monetary policy is the best way to influence economic growth.” Choice D is the opposite of monetarist thinking because monetarists consider the money supply an important influence on economic events.

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