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

milton friedman argued that consumers are more likely to alter their behavior based on\n○ changes in the unemployment rate.\n○ short - term changes in the economy.\n○ long - term changes in the economy.\n○ changes in the inflation rate.

milton friedman argued that consumers are more likely to alter their behavior based on\n○ changes in the unemployment rate.\n○ short - term changes in the economy.\n○ long - term changes in the economy.\n○ changes in the inflation rate.

Answer

Brief Explanations:

Milton Friedman's permanent - income hypothesis posits that consumers base their consumption 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.