Economists who favor activist monetary policy often argue that Group of answer choices during the mid-1970s, money supply growth rates were nearly constant and still the economy went through a recession. activist monetary policy is likely to be destabilizing most of the time, but still it is the better way to proceed. during the mid-1970s, activist monetary policy was applied, and the economy was healthy and stable. activist monetary policy is inflexible, and this is one of its virtues; the money supply doesn't change every year in response to political considerations.