17
QuizMultiple Choice

Economic Policy: Influential Theories — Quiz

Question 17 • Economics

Milton Friedman led a new economic school of thought called

Answer
A
monetarism.
B
price signaling.
C
the invisible hand.
D
laissez faire.

Explanation

Milton Friedman is best known as a leading advocate of monetarism, the economic school emphasizing the role of the money supply in influencing prices and economic activity. Price signaling and the invisible hand are associated with broader market ideas, while laissez-faire means limited government intervention. Therefore, the correct choice is monetarism.

AI-written and checked against the verified answer.

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