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Lemur [1.5K]
3 years ago
14

Why did Friedrich Hayek call expansionary spending dangerous?

Social Studies
2 answers:
Natalija [7]3 years ago
3 0

Friedrich Hayek was an Austrian Economist known for his work on the <em>Theory of Money</em>, which earned him a Nobel Memorial Prize in 1974. He openly supported classic liberalism, which emphasized the economic freedom of all individuals who formed part of society.

Hayek opposed expansionary spending (or expansionary monetary policy) because he considered, following principles of liberalism, that government intervention in the economy should be kept at its minimum expression. It is up to individuals and the economic relations they form as to whether an economy grows or not. The increase of money supply in a country could bring negative effects such as <em>inflation, </em>which is the sustained increase in the prices of goods and services.

DerKrebs [107]3 years ago
3 0

Hayek was worried that expansionary spending would lead to poor decision-making by a misguided consumer class which in turn would lead to rapid inflation.

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Answer:

a. transience.

Explanation:

The options for this question are missing. The options are:

A. transience.

B. absentmindedness.

C. retroactive interference.

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In psychology, the term transience refers to the decreasing ability to retrieve something that we already learned either from our long-term-memory or short-term-memory. This can happen because of brain damage but also because of lack of practice.

In this example, Amber took 4 years of Spanish and then 2 years of spanish in college but one year after she graduates she realizes that she remembers very little of the Spanish language. We can see that <u>her ability to retrieve what she learned decreased over that year,</u> therefore this would illustrate the concept of transience.

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3 years ago
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yulyashka [42]

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KengaRu [80]

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i would say no

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8 0
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6 0
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The term "allergy" is frequently used to describe a hypersensitive reaction. An abnormal reaction to foreign substance is referred to as a hypersensitive reaction. To this antigen, the body can launch one of four distinct immunological reactions. Anything from a dish to a medicine might serve as the antigen.

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To learn more about hypersensitivity here brainly.com/question/3475098

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