The notion that everything the economy produces is purchased
A) sums up Say's law.
B) can be restated as "demand creates its own supply."
C) refers to the real balance effect.
D) was a critical assumption Keynes made in explaining the worldwide depression of the 1930s.
Correct Answer:
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Q18: Which of the following statements is FALSE?
A)Until
Q19: At equilibrium GDP,aggregate demand _ aggregate supply
Q20: Under what condition will an increase in
Q21: An increase in aggregate demand in the
Q22: "The economy can be in equilibrium,with aggregate
Q24: In order to predict changes in aggregate
Q25: If aggregate demand increases and,as a result,the
Q26: The vertical portion of the AS curve
A)is
Q27: In the "classical" region of the aggregate
Q28: Under what condition will a decrease in
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