Which of the following is true of Say's law?
A) there is often a lack of sufficient demand for goods and services.
B) there can never be excess production above demand for any length of time.
C) the economy is naturally prone to severe booms and busts.
D) there is a constant danger of runaway inflation.
Correct Answer:
Verified
Q9: Describe how Say's law informs policy decisions
Q10: Describe how Say's law informs policy decisions
Q11: Discuss why Say's law is true in
Q12: List and describe the four functions of
Q13: List and describe the four functions of
Q15: Suppose the United States produced $12 trillion
Q16: Aggregate demand is defined as
A) the total
Q17: Aggregate supply is defined as
A) the total
Q18: Progressive economists such as Wesley Mitchell
A) showed
Q19: Progressive economists argue that recessions and depressions
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