Q. Which of the following pairs are correctly matched?- Keynes’ Law : “Demand creates its own supply.”
- Wagner’s Law : “Government expenditure tends to rise with economic growth.”
- Gresham’s Law : “Bad money drives out good money.”
- Grimm’s Law : “Systematic sound shifts explain changes in Indo-European to Germanic languages.”
Select the correct option from the codes given below:
Answer:
1, 2, 3 & 4
Notes: Keynes emphasized “demand creates its own supply” but it is not termed Keynes’ Law though. Wagner’s Law, Gresham’s Law, and Grimm’s Law are all correctly stated as per their classical statements. Grimm’s Law pertains to linguistics, the rest to economics.