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Friedrich Hayek and Milton Friedman


A) reluctantly accepted the move to embedded liberalism in the 1940s to 1960s.
B) preferred economic planning only in some circumstances.
C) tried to reach some consensus with interventionist liberals.
D) supported a strict separation between politics and economics.

E) B) and D)
F) None of the above

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In an _______________ relationship, transactions have reciprocal (but not necessarily symmetrical) costly effects.

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