Milton Friedman Attributed the Great Depression Primarily To

question 52

Multiple Choice

Milton Friedman attributed the Great Depression primarily to:

• A) the failure of wages to rise.
• B) economists' and policymakers' failure to recognize their limited knowledge.
• C) a decrease in the money supply.
• D) inaccurate expectations by consumers and firms.
• E) the government's failure to respond to an increase in the budget deficit.

---

Definitions:

Memory Strategy

Techniques used to encode, store, and retrieve information more effectively.

Chunking Strategy

A cognitive approach to learning that involves breaking down information into smaller, manageable units or chunks for easier processing and recall.

Association

An organized group of people who share a common interest, goal, or purpose, often working together to achieve objectives.

Imagery

Visual descriptive or figurative language, especially in a literary work, used to create vivid pictures in the mind of the reader.