Say's Law states that
A. Increased prices lead to increased supply.
B. Shifts of either supply or demand can achieve a given market equilibrium.
C. Supply creates its own demand.
D. Wages and prices are inflexible, which prevents the achievement of market equilibrium.
Answer: C
Economics
You might also like to view...
In a system of flexible exchange rates, expansionary monetary policy abroad would induce
a. a rise in the U.S. exchange rate. b. a fall in the U.S. rate of exchange. c. a balance of payments surplus for the United States. d. no change in U.S. exchange rates.
Economics
Structural unemployment results from a lack of education and training
a. True b. False Indicate whether the statement is true or false
Economics