Which of the following statements is/are correct in context with the passage?
Answer : Option E
Explanation : Both statements 1 and 2 are correct. Refer the
following lines
Option 1 :The systematic failure by Keynesian
economists and pundits to distinguish between
consuming and producing value is the single most
damaging fallacy in popular economic thinking.
Option 2 : Economic growth (booms) and
declines (bust) have always been led by changes
in business and durable goods investment, while
final consumer goods spending has been
relatively stable through the business cycle.
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