Milton Friedman argued that the federal reserve should adopt a monetary growth rule to reduce fluctuations in real GDP, employment, and inflation.
Monetary growth is Increased money supply in the economy: Money supply growth has been high in the last two years, boosted by high exports.
Monetary definition refers to money or currency. A system that pays with dollar bills and other banknotes is an example of a monetary system. Of national currencies or coins, or related to them.
Due to the difficulty of exchanging goods and services, barter systems have been an obstacle to the division of labor and specialization between individuals, which are important factors in increasing productivity and economic growth.
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