1 pts Which of the following statements would be inconsistent with Say’s law? -A given value...
1 pts
Which of the following statements would be inconsistent with Say’s law?
-A given value of supply must create an equivalent value of demand in the economy.
-The economy has flexible prices and wages.
-The best way to foster an economy is through government stimulus spending.
Homework Answers
-The best way to foster an economy is through government stimulus spending.
(Say's law believes in Laissez faire that is, free markets works in the best interest of the economy. So, there should be no government intervention.)
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1 pts
Which of the following statements would be inconsistent with
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Shifts of the AD curve have little to no effect on supply
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