In a barter economy, Say's law implies there
A) can be a general overproduction of goods.
B) can be a general underproduction of goods.
C) cannot be a general overproduction or underproduction of goods.
D) can be a general overproduction of goods but never a general underproduction of goods.
C
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What is a private cost of production? What is a social cost of production? When is the private cost of production equal to the social cost of production?
What will be an ideal response?
Qwerty
A) is the government agency charged with regulating the internet. B) is an example of a network. C) a cable system prior to VHS. D) none of these choices.
"Leaning against the wind" is exemplified by a(n)
a. tax increase when there is a recession.
b. increase in the money supply when there is a recession.
c. decrease in government expenditures when there is a recession.
d. All of the above are correct.
Will increases in federal spending always increase real GDP and employment in the short run? Are there any circumstances in which the federal government would not want to increase its spending even if it results in higher uotput and lower unemployment in the short
What will be an ideal response?