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.

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Definitions:

Market Share

The proportion of an industry's sales that is earned by a particular company over a specified time period.

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