"Supply creates its own demand" is called:
A) law of supply
B) law of market
C) law of demand
D) law of elasticity
Correct Answer:
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Q14: The Classicals adopted ---------policy:
A)governmental policy
B)laissez-faire
C)policy of restriction
D)none
Q15: According to Classicals, full employment is a:
A)rare
Q16: According to the Classical economists, general over
Q17: According to the Classical economists, savings and
Q18: Classical aggregate supply curve is:
A)perfectly elastic
B)perfectly inelastic
C)more
Q19: Pick the odd one from the following:
A)law
Q20: According to the Classicals, investment is a
Q22: Under the classical system, the equilibrium will
Q23: When savings exceeds the demand for savings,
Q24: Rate of interest will increase when the
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