The major reason why Friedrich Hayek called expansionary spending dangerous is because:
- B: He felt it could lead to inflation and poor decisions by consumers.
According to the given question, we are asked to show the major reason why Friedrich Hayek called expansionary spending dangerous and the possible aftereffects of this statement.
As a result of this, we can see that when Friedrich Hayek made the statement that expansionary spending was dangerous, he meant that it could lead to inflation and poor decision by the customers.
Therefore, the correct answer is option B
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