Question
Economics Question on Business and Economy
The sequence of wage-price flexibility approach of Pigou is:
A. Wages and prices decline
B. Real value of assets increases
C. Cost decline and price decline result in price of assets falling
D. Unemployment increases E. Less savings would be undertaken and consumption increases, output rises
Choose the correct answer from the options given below:
A
D, A, C, E, B
B
D, A, C, E, B
C
D, A, C, B, E
D
D, A, B, C, E
Answer
D, A, C, B, E
Explanation
Solution
The correct answer is (C) : D, A, C, B, E