Question

Economists who favor activist monetary policy often argue that Group of answer choices during the mid-1970s, money supply growth rates were nearly constant and still the economy went through a recession. activist monetary policy is likely to be destabilizing most of the time, but still it is the better way to proceed. during the mid-1970s, activist monetary policy was applied, and the economy was healthy and stable. activist monetary policy is inflexible, and this is one of its virtues; the money supply doesn't change every year in response to political considerations.

Answer 1

Answer:

during the mid-1970s, money supply growth rates were nearly constant and still the economy went through a recession

Explanation:

In the case when the economist favored that activist monetary policy determines that at the time of 1970s the growth rate related to the money supply would be the same or the constant and still keeping the same the economy would be in the recession

So as per the given situation, the first option is correct