Economic Policy: Influential Theories

Question 1

Milton Friedman helped to establish the economic theory of monetarism.Which statement best describes the idea of monetarism?

Revolt · Accepted Answer

Monetary policy is the best way to influence economic growth.

Question 2

The economic events of Country Y demonstrate the idea of laissez faire because the government intervene in economic events.

Revolt · Accepted Answer

did not

Question 3

Keynes recommended that the government taxes during economic contraction.

Revolt · Accepted Answer

lower

Question 4

Unlike Keynes, Hayek believed that consumer actions be accurately displayed on a supply and demand curve.

Revolt · Accepted Answer

could not

Economic Policy: Influential Theories Answers