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WebMonetarists assert that the objectives of monetary policy are best met by targeting the growth rate of the money supply rather than by engaging in discretionary monetary … WebAccording to monetarists, if the economy is initially in long-run equilibrium, an increase in the money supply will _____ the price level and Real GDP in the short run, and will _____ only _____ in the long run. raise; raise; the price level. Refer to Exhibit 14-2. The economy moves from point 1 to 2 to 3 to 4 to 5 to 6 to 7. WebApr 7, 2013 · Monetarists claim much the same; their view that the economy hasn’t recovered because our central bank hasn’t printed enough of our money. How these two Schools are enemies is one of life’s ... northorms