Based on the video, which economic theories were most
clearly applied by the Federal Reserve in response to the
economic crisis?
Describe the connections between the Fed's actions and
the theories of Smith, Keynes, Hayek, or Friedman.

Question

09-07-2022
Business

contestada

Based on the video, which economic theories were most
clearly applied by the Federal Reserve in response to the
economic crisis?
Describe the connections between the Fed's actions and
the theories of Smith, Keynes, Hayek, or Friedman.

Respuesta :

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jayilych4real jayilych4real · Answer 1 · 2022-07-14T23:43:47+02:00

The economic theories that were most clearly applied by the Federal Reserve in response to the economic crisis were based on the theories of Keynes and Friedman.

What were the theories of Keynes and Friedman?

They both believed that aggregate demand can be influenced by government policies and help an ailing economy to recover.

Hence, we can see that from the complete information, the Federal Reserve made use of their theories to intervene and they did this by the use of monetary policy to increase the money supply.

Read more about Keynes and Friedman here:

https://brainly.com/question/3763180

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Based on the video, which economic theories were most clearly applied by the Federal Reserve in response to the economic crisis? Describe the connections between the Fed's actions and the theories of Smith, Keynes, Hayek, or Friedman.

Respuesta :

What were the theories of Keynes and Friedman?

Otras preguntas

Based on the video, which economic theories were most
clearly applied by the Federal Reserve in response to the
economic crisis?
Describe the connections between the Fed's actions and
the theories of Smith, Keynes, Hayek, or Friedman.