Friedman Believed That Economic Policies Are Ineffective Because They Don't

question 37

True/False

Friedman believed that economic policies are ineffective because they don't affect the aggregate demand in the economy.

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Definitions:

Leaking Pipeline

A metaphor describing the continuous loss of individuals from a certain pathway or process, often used in contexts like career progression where diversity decreases at higher levels.

Positive Feelings

Emotional states or attitudes that are pleasant or favorable, such as happiness or satisfaction.

Culture

Culture refers to the shared beliefs, norms, behaviors, and symbols within a group, organization, or society that shape members' worldviews and practices.

Terminal Values

Reflect a person’s preferences concerning the “ends” to be achieved.