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. © The economy will produce at full employment level of output. (d) The economy has an environment of”laissez faire”. 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. © The economy will produce at full employment level of output. (d) The economy has an environment of”laissez faire”.

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. © The economy will produce at full employment level of output.
(d) The economy has an environment of”laissez faire”.
by

1 Answer

Answer :

(b) The economy’s level of investment solely depends on the level of income.
by

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