History, 26.07.2019 11:40 janwesley3

Milton friedman argued that consumers are more likely to alter their behavior based on changes in the unemployment rate. short-term changes in the economy. long-term changes in the economy. changes in the inflation rate.

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The answer is long-term changes in the economy. Friedman was an American statistician and economist best recognized for his sturdy trust in free-market capitalism. During his time as instructor at the University of Chicago, Friedman industrialized many free-market philosophies that contrasting the opinions of old-style Keynesian economists.

Answer from: bri1334

The answer is long-term changes in the economy.

Friedman was a statistician and physiocrat who hailed from America and best appreciated for his resolute confidence in free-market economics. During his experience as a lecturer at the University of Chicago, Friedman conceptualized many free-market viewpoints that comparing the theories of old-style Keynesian statisticians.

Further Explanation:

Milton Friedman was born in New York, and grew up on the East Coast and graduated from Rutgers University, where he took the degree in mathematics and economics. He completed his studies from a university in the year 1932 and progressed on to obtain a Ph.D. in finance at Columbia University in 1946. In his writing "A Monetary History of the United States, 1867-1960," Friedman demonstrated the purpose of financial policy in planning and worsen the situation during the Great Depression.

He was one of the preeminent financial voices of the following half of the 20th century. His commercial hypotheses later turned to be known as monetarism, which produced on and upturned significant components of Keynesian economics. He was popularized for many financial concepts that are still significant in the present times.

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Grade: High School

Subject: History

Chapter: NA

Keywords: Milton freedman, financial , preeminent , economics , commercial , Keynesian , Columbia university, hypothesis , monetarism.

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