Who Is the Leading Proponent of the Monetarist Theory

question 13

Multiple Choice

Who is the leading proponent of the monetarist theory?

• A)John Maynard Keynes
• B)Paul Volcker
• C)Adam Smith
• D)Milton Friedman
• E)Alan Greenspan

---

Definitions:

Self-Monitoring

An individual difference in people’s desire and ability to adjust their self-presentations for different audiences.

Psychological Reactance Theory

A theory which proposes that people value thinking and acting freely. Therefore, situations that threaten their freedom arouse discomfort and prompt efforts to restore freedom.

Regulatory Focus Theory

The theory proposing that individuals regulate their behavior via two distinct systems: promotion focus (pursuit of goals and aspirations) and prevention focus (avoidance of negative outcomes).

Elaboration Likelihood Model

A theory in social psychology that explains the different ways people process persuasive messages, either through careful thought and evaluation or more automatic responses.