Which of the following is a Nobel Prize winning economist who argued that theories should be tested based on the validity of their predictions?
A)Milton Friedman.
B)Ben Bernanke.
C)Alan Greenspan.
D)Larry Summers.

Question

Quizplus · Accepted Answer

Milton Friedman is a Nobel Prize winning economist who emphasized the importance of testing theories based on their ability to make valid predictions. He was a proponent of the monetarist school of thought, which emphasizes the role of money supply in determining macroeconomic outcomes.

Which of the Following Is a Nobel Prize Winning Economist