Milton Friedman was a leader and major proponent of:
A) monetarism.
B) classical economics.
C) Keynesian economics.
D) rational expectations theory.

Question

Quizplus · Accepted Answer

Milton Friedman was a major proponent of monetarism, which emphasizes the importance of the money supply in determining economic outcomes. This approach stands in contrast to Keynesian economics, which emphasizes government intervention in the economy to achieve stable growth and low unemployment. Friedman's ideas on monetarism greatly influenced economic policy decisions in the United States during the 1970s and 1980s.

Milton Friedman Was a Leader and Major Proponent Of