Five nonactivist monetary proposals include a constant-money-growth rate rule, a predetermined-money-growth-rate rule, the Taylor rule, inflation targeting, and nominal GDP targeting
1. Explain why some economists advocate using a constant-money-growth rate rule.
2. Explain why some nonactivists prefer a predetermined-money-growth-rate rule.
3. Explain the rationale for adopting the Taylor rule.
4. Explain how an inflation rate target works.