Asked by Quentin Washington on Apr 30, 2024
Verified
Which of the following would be considered the most prominent monetarist?
A) John Maynard Keynes
B) Adam Smith
C) Karl Marx
D) Milton Friedman
E) Arthur Laffer
Monetarist
Pertains to an economic theory focusing on the control of the money supply as a tool for managing economic stability and growth.
Milton Friedman
An American economist and a key figure in the Chicago School of Economics, known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.
John Maynard Keynes
A British economist whose theories on the causes of prolonged unemployment and recommendations for government intervention in economies to stimulate demand and growth form the basis of Keynesian economics.
- Familiarize oneself with the pivotal contributions of leading economists, including Milton Friedman, to the discipline of monetarism.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
D
Explanation :
Milton Friedman is considered the most prominent monetarist. He is known for his advocacy of the quantity theory of money and his belief in the importance of monetary policy in stabilizing the economy. Friedman was awarded the Nobel Memorial Prize in Economic Sciences in 1976 for his contributions to the fields of macroeconomics and monetary theory.
Learning Objectives
- Familiarize oneself with the pivotal contributions of leading economists, including Milton Friedman, to the discipline of monetarism.