True or False? Adam Smith believed that his concept of an “invisible hand” guiding human behavior applied to both goods markets and to financial markets.   True or False ? Ben Bernanke believes that Milton Friedman and Anna Schwartz’s explanation of the causes of the Great Depression were silly and wrong.

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter14: Modern Macroeconomics And Monetary Policy
Section: Chapter Questions
Problem 14CQ
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True or False?

Adam Smith believed that his concept of an “invisible hand” guiding human behavior applied to both goods markets and to financial markets.

 

True or False ?

Ben Bernanke believes that Milton Friedman and Anna Schwartz’s explanation of the causes of the Great Depression were silly and wrong.

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