Which of the Following Accurately Describes Milton Friedman

question 87

Multiple Choice

Which of the following accurately describes Milton Friedman?

• A)He was a classical economist and contemporary of Adam Smith.
• B)He popularized monetarism.
• C)He advanced Keynesian analysis of Say's Law.
• D)He followed Keynes into the British civil service.
• E)He is considered the father of modern economics.

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Definitions:

Existing Product

A product that has already been introduced to the market and is available for purchase.

New-product Development

The process of designing, creating, and bringing a new product to market to meet consumer demand or exploit a new opportunity.

Generate Sales

The act of creating revenue through the selling of goods or services to customers.

Defective

Refers to a flaw or imperfection in a product that impairs its usability for the purpose for which it was designed or manufactured.