When Henry Ford doubled his worker's wages in 1914,he was implicitly recognizing
A) the wage-price flexibility concept.
B) Say's Law.
C) the paradox of thrift.
D) the real balance effect.
Correct Answer:
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Q12: Laissez-faire economics was advocated by
A)both Keynes and
Q13: Our economy is always tending towards full
Q14: According to the classical economists,if the amounts
Q15: According to Keynes an equilibrium below full
Q16: According to Keynes,at equilibrium,aggregate demand will always
Q18: Which of the following statements is FALSE?
A)Until
Q19: At equilibrium GDP,aggregate demand _ aggregate supply
Q20: Under what condition will an increase in
Q21: An increase in aggregate demand in the
Q22: "The economy can be in equilibrium,with aggregate
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