Milton Friedman was a leading economist from the US who received the Nobel Memorial Prize in Economic Sciences in 1976 for his research on consumption analysis. Friedman was a big challenger to the Keynesian theory and used his own free-market monetarism theory to contradict Keynesian ideas. Free-market monetarism theory put emphasis on monetary policy and how the changes in money supply can have short to long term effects on areas such as price levels.
Who was Milton Friedman?
Milton Friedman was a leading economist from the US.
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