Which of the following Nobel laureate economists is against the use of discretionary fiscal policy?
A)Milton Friedman.
B)James Tobin.
C)John Maynard Keynes.
D)Paul Krugman.
E)All of these favor discretionary fiscal policy.

Question

Quizplus · Accepted Answer

Milton Friedman was known for his advocacy of monetary policy over fiscal policy and his belief in the importance of stable, predictable policies rather than discretionary action by government authorities. Tobin, Keynes, and Krugman all supported the use of discretionary fiscal policy under certain circumstances.

Which of the Following Nobel Laureate Economists Is Against the Use