Friedman and Keynes:
A) disagreed on how the Fed changes money supply.
B) agreed on the short- run impact of monetary policy.
C) disagreed on the speed at which wages change.
D) agreed on the impact of fiscal policy on the economy.

Question

Quizplus · Accepted Answer

Friedman and Keynes disagreed on the speed at which wages change. Friedman believed that wages were flexible and could adjust quickly to changes in the economy, while Keynes believed that wages were rigid and slow to adjust.