Why did friedrich hayek call expansionary spending dangerous? o he felt it could lower the money supply and cause deflation. o he felt it could lead to inflation and poor decisions by consumers. o he felt it could lead to deflation and poor decisions by consumers. o he felt it could lower available credit and cause a drop in prices.

He felt it could lead to inflation and poor decision by consumers.

Explanation: Friedrich Hayek called expansionary spending dangerous because he felt it could lead to inflation and poor decision by consumers. Expansionary policy is a monetary policy that aims at expanding economic growth through lowering taxes and expanding the money supply. According to Hayek, an individual makes rational choices when consuming in terms of cost-benefit. He intends to get the maximum net benefit. But expansionary money supply leads to an impulsive or random decision by consumers and inflation.

B: He felt it could lead to inflation and poor decision by consumers.

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depends.

explanation:

the chair is the committee member from the majority party who has the most seniority. in the south carolina senate, the chair is the committee member from the majority party who has the most committee seniority.