Multiple Choice
Which of the following is true of Say's law?
A) There is often a lack of sufficient demand for goods and services.
B) There can never be excess production above demand for any length of time.
C) The economy is naturally prone to severe booms and busts.
D) There is a constant danger of runaway inflation.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: At the beginning of the Great Depression<br>A)
Q3: In the classical version of the circular
Q4: According to conservative economists, involuntary unemployment<br>A) does
Q5: What are the three main markets that
Q6: In the classical version of the circular
Q8: Traditional economics recognizes four broad categories or
Q9: In the neoclassical view of the macroeconomy,
Q10: In the neoclassical view of the macroeconomy,
Q11: In the neoclassical view of the macroeconomy,
Q12: The assumption that all savings out of