Ask Question
Social StudiesSocial Studies
9 May, 22:26

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

+2
Answers (2)
  1. 9 May, 22:30
    0
    According to the theories of Friedrich August von Hayek, the economy may be too complicated to think in terms of aggregates.

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

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

    This is correct.
  2. 9 May, 22:33
    0
    Hayek believed the economy too complicated to think in terms of aggregates. This is the foundation of monetarism theory. He believed that people are unpredictable in their choices. Consequently, expansionary policy was potent because it could potentially lead to inflation and affect individual choices.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “According to the theories of Friedrich August von Hayek, the economy may be too complicated to think in terms of. ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Senator Warren states that pay discrimination has long-lasting effects. Is this a valid argument supported by accurate evidence?
Answers (1)
8) This map shows the population density of India. The redder the area, the higher the concentration of the population.
Answers (2)
At a park, there are 38 people playing tennis. Some are playing doubles (2 teams of 2 people each) and some are playing singles (1 person against 1 person). There are 13 matches in progress.
Answers (1)
When the government increases taxes the economy prospers. consumers are not affected. consumers have more money to spend. the economy slows down.
Answers (1)
What caused demand and prices for cotton to rise during World War I? * new clothing trends that included cotton the need for uniforms and bandages for those fighting in WWI a lack of foreign growers a sudden break away of synthetic fibers
Answers (1)
New Questions in Social Studies
Poem with the word run
Answers (1)
In the term "due process," the word "process" refers to the way in which prison sentences are handed down. the law is followed in trying a case. court decisions are worded. warrants are written and used.
Answers (2)
If you are saving for a new fridge that costs $2,000 and the economy experiences inflation, what can you expect to happen to the price of the fridge?
Answers (1)
A property owner conveyed commercial property in joint tenancy to his two daughters as a birthday present. The deed from the property owner to his daughters was never recorded.
Answers (1)
How many times in the last 500 million years has an event caused the dominant species on Earth to go extinct?
Answers (1)
Home » Social Studies » According to the theories of Friedrich August von Hayek, the economy may be too complicated to think in terms of.
Sign Up Forgot Password?