Which of the following is not true? O Milton Friedman believes that economic growth should be sustained by government intervention in the economy through monetary and fiscal policy O Friedrich Hayek believed that the government should not interfere in the economy and that the Federal Reserve was behind the 2008 financial crisis O In 2001, the Fed cut interest rates because it thought economic growth was slowing down and kept the interest rate low thereafter. O Hayek thinks that the Fed should have increased the interest rates to stop the financial crisis from happening.

Which of the following is not true? O Milton Friedman believes that economic growth should be sustained by government intervention in the economy through monetary and fiscal policy O Friedrich Hayek believed that the government should not interfere in the economy and that the Federal Reserve was behind the 2008 financial crisis O In 2001, the Fed cut interest rates because it thought economic growth was slowing down and kept the interest rate low thereafter. O Hayek thinks that the Fed should have increased the interest rates to stop the financial crisis from happening.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter24: The Influence Of Monetary And Fiscal Policy On Aggregate Demand

Section: Chapter Questions

Problem 6CQQ

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