Business, 11.12.2019 08:31, androw4116

Match each economist to the scenario that exemplifies his economic philosophy.

1) a small caribbean islands economy depends on tourism. however in recent times, it has seen much less economic activity. its government decides to let the market correct the situation.

2) flour prices have risen in a country where bread is a stable part of the diet. as a result, bread prices have risen tremendously. in an effort to make bread affordable for it's citizens, the government has limited how much bakers can charge for bread.

answer choices:
keynes
hayek

Answers: 2

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Match each economist to the scenario that exemplifies his economic philosophy.

1) a smal...