Say's law says that
A) consumption is greater than supply.
B) desired expenditures always equal actual expenditures.
C) people produce the goods they consume.
D) people consume the goods they produce.
Correct Answer:
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Q15: All of the following were classical economists
Q16: According to the classical model, the income
Q17: Which of the following is an example
Q18: In the classical model, an increase in
Q19: Classical economists assumed that
A) prices were flexible.
B)
Q21: According to classical economists
A) Say's law is
Q22: At higher rates of interest
A) households save
Q23: In the classical model, aggregate demand and
Q24: Suppose Moni thinks a 100 percent increase
Q25: According to the circular flow of income
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