Say's Law states that
A) Supply creates its own demand.
B) Shifts of either supply or demand can achieve a given market equilibrium.
C) Wages and prices are inflexible,which prevents the achievement of market equilibrium.
D) Increased prices lead to increased supply.
Correct Answer:
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Q5: In the early 1900s,which of the following
Q6: According to the classical view,if consumer demand
Q7: Unlike the classical economists,Keynes asserted that
A)The economy
Q8: Which of the following was not characteristic
Q9: Who believed that small disturbances in output,prices,or
Q11: According to Keynes,which of the following can
Q12: According to classical theory,
A)Keynes had "neglected to
Q13: Based on the classical view,
A)Unemployment never occurs.
B)Cyclical
Q14: According to Keynes,which of the following should
Q15: According to Keynes,when the economy falters,the government
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