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
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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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

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