Under the constant growth rate rule (CGRR), the single target for the policymaker becomes the growth rate

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Under the constant growth rate rule (CGRR), the single target for the policymaker becomes the growth rate of the money supply. Does this statement suggest that those advocating the CGRR are not concerned with the level of real output and employment?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:22 AM

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Under the constant growth rate rule (CGRR), the single target for the policymaker becomes the growth rate

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Like the activists those advocating a CGRR monetarist...View the full answer

Macroeconomics

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