According to economist Milton Friedman, a major reason for macroeconomic instability is
A) tax changes by the Federal government.
B) spending reductions by the Federal government.
C) the discretionary monetary policy of the Federal Reserve.
D) the issuance of bonds by the U.S. Treasury.

Question

Quizplus · Accepted Answer

According to Milton Friedman, macroeconomic instability often occurs as a result of discretionary monetary policy, which can lead to changes in the money supply and interest rates that affect economic growth and stability. Tax changes and spending reductions by the Federal government, as well as the issuance of bonds by the U.S. Treasury, can also have an impact on the economy, but they are not seen as the primary cause of macroeconomic instability.

According to Economist Milton Friedman, a Major Reason for Macroeconomic