The monetarists placed the blame for the economic instability of recent decades on

A) the President and Congress.
B) the Federal Reserve.
C) the American people.
D) foreign investors.

Monetarists

Economists who support the idea that the money supply's fluctuations profoundly influence national output in the immediate future and the price level over more extended periods.

Economic Instability

A state characterized by significant fluctuations in economic activities such as employment, production, and prices, often leading to uncertainty.

Federal Reserve

The central banking system of the United States, responsible for monetary policy.