Say's Law

question 46

Multiple Choice

Say's law

• A) states that the total amount paid out for resources must equal the value of the goods produced.
• B) states that all income spent must have been earned.
• C) is the intellectual basis for the Keynesian model of income and employment.
• D) is an integral part of the Marxian analysis of capitalism.
• E) requires the assumption of wage and price rigidity.

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