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Q. |
Which of the following statement is inconsistent with Say’s Law |
A. | the economy has flexible wages and prices. |
B. | the economy’s level of investment solely depends on the level of income. |
C. | the economy will produce at full employment level of output. |
D. | the economy has an environment of”laissez faire” |
Answer» B. the economy’s level of investment solely depends on the level of income. |
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Macroeconomics Theories and Policies 1No comments yet