Which of the following groups is associated with the policy recommendation that the money stock should grow only at the rate of growth in real GDP?

A) Monetarists
B) Keynesians
C) Classical quantity theorists
D) Economic behaviorists

Monetarists

Economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods, and that objectives of monetary policy are best met by targeting the growth rate of the money supply.

Real GDP

The market value of all final goods and services produced within a country in a particular period, adjusted for inflation.

Money Stock

The total amount of money in circulation within an economy at a given time, including cash and deposits.