Which of the following would be considered the most prominent spokesman for the rational expectations school of thought?

A) Adam Smith
B) Arthur Laffer
C) Milton Friedman
D) Robert Lucas
E) Anna J.Schwartz

Rational Expectations

The hypothesis that individuals make forecasts about the future based on all available information and past experiences, thus influencing their economic decisions.

Prominent Spokesman

A leading or notable figure who represents and speaks on behalf of a particular cause, organization, or group.

Milton Friedman

An American economist and Nobel Prize winner known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.