Question

Match the following economist to their contributions to the field

Group of answer choices

Macroeconomics

      [ Choose ]            Hayek            Friedman            Minsky            Keynes      

The idea that supply and Institutions matter

      [ Choose ]            Hayek            Friedman            Minsky            Keynes      

Bubbles can destabilize the economy without proper insitutions; also money matters

[ Choose ]            Hayek            Friedman            Minsky            Keynes      

Answer 1

1)Macroeconomics: Keynes

It was only after the great depression the term macroeconomics was coined. It depends on a lot of work by Keynes during the depression. He was also responsible for suggesting the role of government to get out of depression.

2) Hayek because he always favor least government intervention in the economy.

3) Friedman who was a monetarist and always suggested a least use of fiscal policy and a more of monetary policy.