Question

40. According to Say's Law, unemployment can
be removed by:
A Rise in wages
B. Fall in wages
C. Taxing wages
D. Subsidising wages​

Answer 1

Answer:

A

Explanation:

Rise in the wages can be remove emloyment

Answer 2

It can be removed by a rise in wages.

• The economy should constantly be near full employment, according to the principle.
• Unemployment should not be caused by a lack of demand. It is not eliminated by the automatic adjustment mechanism.
• Any unemployment must be attributable to artificially maintained salaries above the equilibrium level or structural issues such as a lack of skills in certain areas.
• Unemployment, on the other hand, may be eliminated by increasing the pace of investment or wages.

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