Say's law explains
A) how long-term real Gross Domestic Product (GDP) stability is achieved in the classical model.
B) how long-run real Gross Domestic Product (GDP) stability is achieved in the Keynesian model.
C) how the economy can go into recession.
D) why economies experience business cycles.
Correct Answer:
Verified
Q2: All the following are assumptions of the
Q3: Say's law argues that I. overproduction is
Q4: The idea that supply creates its own
Q5: The classical model uses the assumption that
A)
Q6: Say's law states that
A) supply creates its
Q7: Classical economists wrote from the 1770s to
Q8: Which of the following is NOT a
Q9: Which of the following is NOT an
Q10: The first systematic attempt to explain the
Q11: The implication of Say's law is that
A)
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