Which of the following statements is inconsistent with Say's Law?
A) The economy has flexible wages and prices.
B) The economy will produces at the full employment level of output.
C) The economy has an environment of "laissez faire."
D) The economy's level of saving depends solely on the level of income.
D
Economics
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Which of the following is the ultimate goal of monetary policy?
a. Complete removal of income inequality b. Economic growth with price stability c. Free trade d. Balanced budget e. Economic welfare
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Horizontal equity means that equally situated individuals should be taxed equally
a. True b. False Indicate whether the statement is true or false
Economics