Say's law dictates that:
A) demand creates its own supply.
B) supply creates its own demand.
C) output prices are inflexible.
D) wages are inflexible.
Correct Answer:
Verified
Q139: Exhibit 22-3 Q141: Classical economists believe that prices are _ Q142: Discuss the difference between an increase in Q164: Demand-pull inflation is caused by: Q178: If there was no profit effect, but Q186: Describe the difference between a microeconomic demand Q187: The aggregate demand curve portrays the relationship Q193: Identify four changes in the economy that Q195: What are the major factors that determine Q206: How will firms react to rising output
A)an increase in
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