1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anastassius [24]
3 years ago
9

match each economist to his economic belief. tiles adam smith friedrich von hayek milton friedman john maynard keynes pairs less

government intervention gives people more economic freedom. arrowboth government should not control the money supply. arrowboth government intervention is necessary for stability. arrowboth competition is a regulatory force. arrowboth nextreset
Social Studies
2 answers:
yulyashka [42]3 years ago
7 0

The correct matches are the following.

Adam Smith. Competition is a regulatory force.

Friedrich von Hayek. Less government intervention gives people more economic freedom.

Milton Friedman. The government should not control the money supply.

John Maynard Keynes. Government intervention is necessary for stability.

Here, we are talking about renown economists that established important concepts on economics and the role the government should play in the face of different scenarios.

Adam Smith wrote the book "The Wealth of Nations" in 1776, where he expressed ideas that supported competition in open markets. In "Capitalism and Freedom," Milton Friedman supported the idea that the money supply should be free of government control. John Maynard Keynes believed that it was necessary for the intervention of the government to promote the economy of a country. Many countries in Latin America have followed his advice and create social programs to help the ones in need. On the contrary, Friedrich von Hayek established in "The Road to Serfdom," that the best way to help people invest is that the government stayed out of any kind of control. This way they would be freer to create wealth.

dsp733 years ago
4 0

1. Friedrich von Hayek ------------Less government intervention gives  people more economic freedom.

To Hayek, less government intervention implied more economic freedom. He trusted that when individuals are allowed to pick, the economy runs all the more proficiently. In the United States, the most grounded supporters of Hayek's thoughts were a gathering of business analysts at the University of Chicago. Known as the "Chicago School of Economics," this inexactly shaped, informal gathering of financial specialists was for the most part connected with free market libertarianism. The name alludes to financial specialists who got their tutoring in the Economics Department at the University of Chicago. To date, almost 50% of all Nobel Prizes in Economics have been won by analysts with connections to Chicago.  


2. Milton Friedman ---------Government should not control the  money supply.

Milton Friedman saw the 1920s as years of indispensable and sustainable growth in the economy. Amid this period the Federal Reserve outstandingly extended the cash supply. This development was not reflected in an expansion in the normal cost level, on the grounds that fiscal powers were killed by simultaneous increments in efficiency.  


3. John Maynard Keynes ----------Government intervention is necessary  for stability.

John Maynard Keynes made the hypothetical contentions for another kind of monetary system: government intervention used to smooth out the business cycle. Keynes died in 1946, yet his thoughts made the Keynesian school of financial aspects and prompted the improvement of macroeconomics. Keynes' belief system overwhelmed the financial worldview from 1945 until the late 1970s. As indicated by Keynes, free markets don't generally contain self-adjusting components; some of the time government intervention is important to limit downturns and advance development. He trusted that without state help, the blasts and busts in the business cycle could winding wild.


4. Adam Smith ------------Competition is a regulatory force.


A market economy is a monetary framework in which people claim the greater part of the assets - land, work, and capital - and control their utilization through willful choices made in the commercial center. It is a framework in which the legislature assumes a little role. In this kind of economy, two powers - self-interest and competition - assume a critical job. The role of self interest and competition was depicted by financial specialist Adam Smith more than 200 years prior and still fills in as basic to our comprehension of how showcase economies work.  

You might be interested in
Explain how marketing can affect your<br> decisions when it comes to spending money.
emmasim [6.3K]

Answer:

marketing can affect your decisions in many ways

Explanation:

for example if you have twenty dollars and theres two products that both cost 20 youre going to choose the product thst has a better commericial etc.. the people who made the wonder ball sold a 20 dollar glass ball to millions of kids because their commercials were hugely marketed

7 0
3 years ago
Depressants Hallucinogens Inhalants Stimulants Narcotics Cannabis products a.______Affect mood, sensation, thought, emotion and
lozanna [386]

Answer:

Explanation:

a. HALLUCINOGENS Affect mood, sensation, thought, emotion and self-awareness; alter perception of time and space; and produce hallucinations and delusions b. INHALANTS Produce mood-altering effects similar to those of alcohol; found in glues and solvents c. DEPRESSANTS Slow down the physical activities of the brain, producing temporary feeling of relaxation d. STIMULANTS Speed up the physical and mental activity of the brain, producing temporary feelings of alertness and improved task performance e. NARCOTICS Relieves pain f. cannabis products Produces feelings of elation, disoriented perceptions of time and space and impaired judgement.

5 0
3 years ago
Monies appropriated by Public Law No. 114 - 223 are in direct response to the Zika virus. This law is an example of:
ale4655 [162]

The answer is C. Discretionary Spending

Explanation: Discretionary Spending  are spent on nonessential items, these are spent on extra money after purchase and bill payments.

Discretionary spending, also called costing and investing, are the expenses that the government may or may not perform, according to the revenue forecast. It is discretionary spending that falls in the budget cuts when the forecast of revenues collected for the year falls.

3 0
3 years ago
Read 2 more answers
Definicion de paz negativa
marin [14]
Yuh yuh make me brainliest uh uh
6 0
3 years ago
Read 2 more answers
On scene, frantic family members direct you into the basement where their 67-year-old mother has shot herself in the chest with
Elenna [48]

Answer:

Remove the pistol by picking it from the grip edge.

Explanation:

The immediate action would be your safety and the safety of the patient. A patient who has shot herself might do it again if given the chance or can even shoot the person trying to rescue her. Hence, maintaining a safe distance and prioritizing safety is the immediate action by removing the pistol from her hand. Also, the pistol should be gripped from the edge so that the finger prints of the shooter remain on the handle.

6 0
3 years ago
Other questions:
  • What is quarter past 3
    15·2 answers
  • A change in the constitution is called
    15·1 answer
  • What is the person called who gives an interview?
    9·1 answer
  • The Great Depression caused economic problems which helped take control of Italy and become the ruler of Germany. These totalita
    5·1 answer
  • What has george told lennie about that he always remembers even when he forgets everything else?
    14·1 answer
  • Match each term to the appropriate role scenario. role exit role conflict role strain role A straight-A student who spent most o
    10·1 answer
  • All human effort used to produce goods and services is called ____________ capital. labor. natural resource. entrepreneurs.
    13·2 answers
  • What delegate only voted in the case of a tie among the states!?
    7·1 answer
  • G
    5·2 answers
  • The most largest and most developed support in Eastern Africa is ​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!