MCQOPTIONS
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| 1. |
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» C. the economy will produce at full employment level of output. | |