Which of the following statements about monetarism is true?
A. It believes that too much money in circulation leads to high inflation.
B. It advocates cutting taxes and deregulating business to stimulate the economy.
C. It believes that too much money in circulation creates deflationary pressures on the economy.
D. It argues for the deregulation of the money supply.
E. It is based on the belief that discretionary spending by the government is necessary for a healthy economy.
Answer: A
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