Milton Friedman Was a Leader and Major Proponent Of

question 37

Multiple Choice

Milton Friedman was a leader and major proponent of:

• A) monetarism.
• B) classical economics.
• C) Keynesian economics.
• D) rational expectations theory.

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Definitions:

Neo-Freudian

Pertaining to theorists who were influenced by and extended Freud's work, typically placing more emphasis on social and cultural factors than on innate biological drives.

Denial

A psychological defense mechanism in which confrontation with a personal problem or with reality is avoided by denying the existence of the problem or reality.

Painful Realities

Harsh truths or facts that are difficult to accept or cause emotional distress.

Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety and to cope with reality.