Which economist made the following statement: "Every major contraction in the U.S. economy has either been created or greatly exacerbated by monetary instability. Every major inflation has been caused by monetary expansion."
A) Milton Friedman
B) John Maynard Keynes
C) Adam Smith
D) Paul Samuelson

Question

Quizplus · Accepted Answer

This statement was made by Milton Friedman, a famous economist who advocated for monetarism and believed that stable and predictable monetary policy was crucial for promoting economic growth and avoiding recessions and inflation.

Which Economist Made the Following Statement: "Every Major Contraction in the U.S