According to Say's Law,
a. demand creates its own supply
b. interest rates never change
c. there is never too much or too little spending
d. prices never change
e. the market for loanable funds is always in equilibrium
C
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The factor market can best be described as where
A) households buy goods and services. B) firms buy goods and services. C) firms buy the services of labor, land and capital. D) governments sell goods and services.
Today's supply curve for iPods could shift in response to a change in
a. today's price of iPods. b. the expected future price of iPods. c. the number of buyers of iPods. d. All of the above are correct.
Stable inflation implies:
A. that the rate of inflation conceals relative price changes. B. that inflation is predictable. C. that the rate of inflation averaged over many years is zero. D. low rates of unemployment.
Per-capita growth is the growth rate of output per person in the economy.
Answer the following statement true (T) or false (F)