Question

Use the drop-down menus to complete each sentence.

According to the theories of Friedrich August von Hayek, the economy may be too complicated to think in terms of
.

Hayek believed that
was dangerous and could lead to severe inflation.

Milton Friedman supported changes to
policy to influence economic growth.

Answer 1

According to the theories of Friedrich August von Hayek, the economy may be too complicated to think in terms of central planning.

Hayek believed that increasing the money supply (monetary expansion) was dangerous and could lead to severe inflation.

Milton Friedman supported changes to monetary policy to influence economic growth.