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Business, 08.12.2021 21:20 aria0826

a. the equilibrium level of output will always be at the full-employment level of output. b. the economy would always be near or on its production possibilities frontier. c. wages and prices are often inflexible in the downward direction. d. Say's law would hold in a laissez-faire economy.

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a. the equilibrium level of output will always be at the full-employment level of output. b. the eco...
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