Argue the case for and against a monetary rule. How does inflation targeting work? Monetary policy can affect relative prices. Do you agree or disagree with this statement? Explain your answer....

Argue the case for and against a monetary rule. How does inflation targeting work? Monetary policy can affect relative prices. Do you agree or disagree with this statement? Explain your answer. According to market monetarists, what problems might arise from a sharp decline in Nominal GDP?