Economist Milton Friedman believed that in times of economic recession,the government should intentionally spend more and accept an increase in its budget deficit.

Question

Quizplus · Accepted Answer

Milton Friedman believed in the concept of laissez-faire economics and advocated for a limited role of government in the economy. He believed that government intervention during a recession can worsen the situation and lead to longer periods of economic downturn. Therefore, he would not have supported intentional government spending and an increase in the budget deficit during a recession.

Economist Milton Friedman Believed That in Times of Economic Recession,the