Keynes was an avid believer in intervention to help solve economic issues.
Keynes believed that aggregate demand could help solve economic problems during a recession.
Hayek disagreed with Keynes about expansionary policy because it could cause and influence consumer decisions.
Unlike Keynes, Hayek believed that consumer actions be accurately displayed on a supply and demand curve.
Hayek is best known for his contribution to the understanding of .
Milton Friedman helped to establish the economic theory of monetarism.Which statement best describes the idea of monetarism?
Hayek disagreed with Keynes about expansionary policy because it could cause and influence consumer decisions.
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