Monetarist (Noun)
Meaning
An advocate of the theory that economic fluctuations are caused by increases or decreases in the supply of money.
Classification
Nouns denoting people.
Examples
- The economist was a well-known monetarist who argued that the government should focus on controlling inflation by regulating the money supply.
- Milton Friedman was a prominent monetarist who believed that the Federal Reserve's monetary policy was the primary driver of economic growth.
- The monetarist theory suggests that an increase in the money supply will lead to higher inflation and lower unemployment in the short run.
- As a monetarist, she advocated for a strict monetary policy to combat the rising inflation rate in the country.
- The monetarist school of thought emphasizes the importance of monetary policy in stabilizing the economy and promoting economic growth.