Assume that the Fed's goal is to stabilize national income. Under what conditions would a money supply target be more desirable than an interest rate target?

Economics:
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ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter15: Macroeconomic Viewpoints: New Keynesian, Monetarist, And New Classical
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Assume that the Fed's goal is to stabilize national income. Under what conditions would a money supply target be more desirable than an interest rate target?

 

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