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Which of the Following Statements Is False

Question 116

Multiple Choice

Which of the following statements is false?


A) Keynes believed that monopolistic elements in the economy will prevent immediate price declines.
B) Keynes believed that during periods of high unemployment,labor unions will prevent wages from falling fast enough to restore full employment.
C) Keynes believed that interest rate flexibility will ensure that saving is equal to investment.
D) Keynes did not believe in Say's law.

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