milton friedman argued that consumers are more likely to alter their behavior based on\nchanges in the…

milton friedman argued that consumers are more likely to alter their behavior based on\nchanges in the unemployment rate.\nshort - term changes in the economy.\nlong - term changes in the economy.\nchanges in the inflation rate.

milton friedman argued that consumers are more likely to alter their behavior based on\nchanges in the unemployment rate.\nshort - term changes in the economy.\nlong - term changes in the economy.\nchanges in the inflation rate.

Answer

Brief Explanations:

Milton Friedman's permanent - income hypothesis posits that consumers base their spending on long - term average income. So, they are more likely to alter behavior based on long - term economic changes.

Answer:

long - term changes in the economy.