During a period of high inflation, a country's central bank decides to use a monetarist model, which focuses on controlling the money supply to stabilize prices. The bank implements policies to reduce the growth rate of the money supply, based on the theory that inflation is primarily caused by excessive growth in money supply. The main goal of adopting a monetarist approach in this case is to: A) Increase the money supply B) Control inflation and stabilize the economy C) Decrease government spending and taxes D) Encourage rapid economic growth
During a period of high inflation, a country's central bank decides to use a monetarist model, which focuses on controlling the money supply to stabilize prices. The bank implements policies to reduce the growth rate of the money supply, based on the theory that inflation is primarily caused by excessive growth in money supply. The main goal of adopting a monetarist approach in this case is to:
A) Increase the money supply
B) Control inflation and stabilize the economy
C) Decrease government spending and taxes
D) Encourage rapid
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