According to Say's law
A) the economy will suffer from underemployment when total spending is insufficient to justify production at full employment.
B) the economy will never suffer from unemployment or underconsumption.
C) money is neutral with respect to the real sector of the economy.
D) the production function defines the total demand for goods and services.
Correct Answer:
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Q8: In the Classical interest theory, saving and
Q9: Money neutrality implies that changes in the
Q10: In the Classical system, the interest rate
Q11: According to Classical interest rate theory, which
Q12: In the Classical view, rising interest rates
Q14: Say's law
A) explains the role of money.
B)
Q15: Which of the following is not a
Q16: In the Classical model, an increase in
Q17: The two cornerstones of Classical economics are
Q18: In the Classical view, the money supply
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