Say's law states that ________________.
Fill in the blank(s) with the appropriate word(s).
supply creates its own demand
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The purchasing power parity theory is a reasonably good explanation for nominal exchange rate determination:
A. in the short run. B. in the long run. C. when there are fixed exchange rates. D. when there are significant volumes of non-traded goods and services.
How does a natural monopoly differ from a legal monopoly?
What will be an ideal response?
__________ Theory claims that individuals seek to develop relationships that will maximize the benefits or profits and minimize the costs or deficits
a. Elbing b. Social Exchange c. Life Sciences d. Ostrich Effect
The change in national income that is generated by a change in aggregate expenditure is called
a. autonomous consumption b. marginal propensity to consume c. equilibrium multiplier d. aggregate expenditure multiplier e. income multiplier