Why did Milton Friedman believe the Federal Reserve Board of the 1970s was making things worse rather than better? Group of answer choices Trick question - Friedman actually thought the Fed of the 1970s did a good job of preventing both recessions and inflation. They over-responded to whatever the current problem was, without taking proper account of the lags in monetary policy. No matter how bad a recession got, they would not increase the money supply significantly. They kept inflation too low throughout the whole decade