Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. a) what does friedman identify as the cause for th

a) What does Friedman identify as the cause for the increasing levels of public debt? b)...

80.2K

Verified Solution

Question

Economics

  1. a) What does Friedman identify as the cause for the increasinglevels of public debt? b) Find an article related to fiscal crisisdue to the coronavirus, and then summarize the key points of thearticle.

Answer & Explanation Solved by verified expert
4.0 Ratings (751 Votes)
aAccording to Milton Friedman it is the government spending which creates the debtTo putin his words it is the way government spends which creates debt so debt is not the problemrather problem is how government spends Assuming that a country has resources equal to 100 and government spends half of it that 50 percent of the resources are only left for private individuals for consumption and    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

A psychologist interested in examining workplace stress recruits 30 adults and administered a stress questionnaire to...

Physics
1.2K views

Given fig shows cross section of two long straight wires The left hand wire carries...

Geometry
1.2K views

The quadrilaterals ABCD and JKLM are similar Find the length x of JK C X...

Basic Math
1.2K views

3 Find the values of t in 0 27 that make the equation true Consider...

Calculus
1.2K views

00 DETAILS SCALCET9 4 9 057 The graph of a function is shown Which graph...

Algebra
1.2K views

13 Cynthia has a piece of wood that is 6 feet long She cuts it...

Algebra
1.2K views

Solve the quadratic inequality Give the solution set in interval notation x x 6 0...

Accounting
1.2K views

Question 3 Prepare the consolidated statement of financial position of Panda group as at 31...

Accounting
1.2K views

Effect of transactions on cash flows State the effect (cash receipt or cash payment and...

Accounting
1.2K views

travel expenses or to perform employment duties away from her employer's place of business. View...

Accounting
1.2K views

Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing losses on...

Finance
1.2K views

____ risk represents the uncertainty that the yield on an investment will deviate from what...