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USPshnik [31]
3 years ago
7

"Keynes believed that" a.Say's law would hold in a laissez-faire economy. b. the economy would always be near or on its producti

on possibilities frontier. c. wages and prices are often inflexible in the downward direction. d. the equilibrium level of output will always be at the full-employment level of output.
Business
1 answer:
sashaice [31]3 years ago
3 0

Answer:

c. wages and prices are often inflexible in the downward direction

Explanation:

While the prices of the products can decrease in a recession when there is a decrease in demand there is an excess in the supply, therefore, the price decreases but, in real life that doesn't occur people prefer not to work rather than going to work for a lesser amount most of the times. The same goes for some prices under which the producer or manufacture firm does not reduce the price.

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Explanation:

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The cost of goods sold during the year was $380,000. Inventory increased by $12,000 during the year and accounts payable decreas
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Answer:

$411,000

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4 years ago
With the rapid industrialization and improved transportation of the 1880s, more product producers were chasing the growing purch
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3 years ago
Identify the framework for the entire accounting process and describe its components and how they fit together to form this fram
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5 0
4 years ago
Read 2 more answers
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