Multiple Choice
According to Say's law, there cannot be overproduction of goods and services because:
A) planned aggregate expenditures sometimes fall short of total output.
B) prices and wages are "sticky" or inflexible in the downward direction.
C) demand creates its own supply.
D) supply creates its own demand.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A movement along the consumption function is
Q2: The vertical intercept of the consumption function
Q3: Which of the following would cause a
Q5: If Y = $500 billion, autonomous consumption
Q6: The marginal propensity to save is:<br>A) the
Q7: Exhibit 8-2 Consumption function<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit 8-2
Q8: Which of the following events would produce
Q9: An upward shift in the consumption function,
Q10: The sum of the marginal propensity to
Q11: If a major technological breakthrough occurs, then