This man theorized that short-term changes in income do not affect consumption patterns.
This man theorized that short-term changes in income do not affect consumption patterns. This thinker argued that the money supply should have been expanded to counteract the Great Depression in a work co-written with Anna Schwartz, A Monetary History of the United States. This thinker, who suggested a "natural" rate of unemployment, believed that increasing employment by raising aggregate demand would cause inflation. For 10 points, name this author of Capitalism and Freedom, a Nobel-winning economist from the Chicago school.
This man theorized that short-term changes in income do not affect consumption patterns.
Milton Friedman