Match

1.) Less government intervention gives

people more economic freedom.

2.) Government should not control the

money supply.

3.) Government intervention is necessary

for stability.

4.) Competition is a regulatory force.

A.) Adam Smith

B.) Friedrich Von Hayek

C.) John Maynard Keyness

D.) Milton Friedrich

Question

Alivia Hobbs

Business

2 May, 10:46

Match

1.) Less government intervention gives

people more economic freedom.

2.) Government should not control the

money supply.

3.) Government intervention is necessary

for stability.

4.) Competition is a regulatory force.

A.) Adam Smith

B.) Friedrich Von Hayek

C.) John Maynard Keyness

D.) Milton Friedrich

+2

Answers (1)

Know the Answer?

Mercedes Cobb · Answer 1

A. Adam Smith, Father of Modern Economics," believed that competition is a regulatory force. He argues that keeps self-interest at bay by restraining the ability to take advantage of consumers.

B. Friedrich Von Hayek, often called F. A. Hayek, believed that less government intervention gives people more economic freedom. He wrote about it in his pamphlet, "Economic Freedom and Representative Government."

C. John Maynard Keyness, according to Keynesian economics, one of the tenets of this school of thought is that government intervention is necessary for stability.

D. Milton Friedman (not Friedrich), said that the government's role in the role should be restricted. The government should not control the money supply.

Match1.) Less government intervention givespeople more economic freedom.2.) Government should not control themoney supply.3.) Government intervention is necessaryfor stability.4.) Competition is a regulatory force.A.) Adam SmithB.) Friedrich Von HayekC.) John Maynard KeynessD.) Milton Friedrich