Which of the following best describes the views of Milton Friedman?
A) Government is obligated to increase spending when private businesses are unable to stimulate growth.
B) Government should let the growth in the money supply match the rate of economic growth.
C) Capitalism promotes inequality that in time will harm the foundations of democratic governance.
D) The government should enact high tariffs to make non-American goods too expensive to be competitive with American products.
E) The economy has natural cycles of ups and downs,so government should let the market regulate itself.
Correct Answer:
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