Question

Milton Friedman argued that consumers are more likely to alter their behavior based on

changes in the unemployment rate.
short-term changes in the economy.
long-term changes in the economy.
changes in the inflation rate.

Answer 1

Answer:

long-term changes in the economy.

Explanation:

Milton Friedman gave a economic theory called monetarism, that refer to the control of money in the economy. Friedman gave an idea that changes in the money supply have long-term and short term effects.

Friedman argued that consumer behavior is influenced by the long-term changes in the economy. Long term changes in economy influence consumer behavior in spending money for their goods. for example: If  Long term changes in economy are positive then the consumption by consumers increases otherwise it will decrease.

Hence, the correct answer is "long-term changes in the economy."

Answer 2

Milton Friedman was a statistician and economist from the United States who was awarded the Nobel Memorial Prize in Economic Sciences in 1976.

What exactly is the economic theory of consumer behavior?

Consumer theory is the study of how people spend their money depending on their personal preferences and financial restrictions.

Consumer theory, a subfield of microeconomics, explains how consumers make decisions based on their available income and the costs of goods and services.

Thus, Option C is the correct Option.

For more information about consumer Behaviour refer to the link:

https://brainly.com/question/4768036