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Q. |
Which of the following statements does not hold true in case of the Keynesian economics? |
A. | velocity of money is an unstable function of its determinant |
B. | labor is subject to money illusion |
C. | as function tends to become flat at levels of output well below full employment and to become steeper ad full capacity is reached |
D. | as schedule is vertical, and output, and employment are completely supply determined. |
Answer» D. as schedule is vertical, and output, and employment are completely supply determined. |
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