Select the correct statement/statements which are correct as per the famous 'Say's Law' using the code given below : 1. Economic systems are 'supply-led'. 2. All accruing income is to be spent. 3. Aggregate supply creates its own aggregate demand in an economy. CODE : (a) 1 and 2 (b) 2 and 3 (c) 1 and 3 (d) 1, 2 and 3

Select the correct statement/statements which are correct as per the famous 'Say's Law' using the code given below : 1. Economic systems are 'supply-led'. 2. All accruing income is to be spent. 3. Aggregate supply creates its own aggregate demand in an economy. CODE : (a) 1 and 2 (b) 2 and 3 (c) 1 and 3 (d) 1, 2 and 3

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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with explanation please Select the correct statement/statements which are correct as per the famous ‘Say’s Law’ using the code given below : 1. Economic systems are ‘supply−led’. 2. All accruing income is to be spent. 3. Aggregate supply creates its own aggregate demand in an economy. CODE : (a) 1 and 2 (b) 2 and 3 (c) 1 and 3 (d) 1, 2 and 3