According to Say's law, there cannot be overproduction of goods and services because:
a. planned aggregate expenditures sometimes fall short of total output.
b. prices and wages are "sticky" or inflexible in the downward direction.
c. demand creates its own supply.
d. supply creates its own demand.
d
Economics
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Which of the following will not cause the aggregate supply curve to fall?
a. A decrease in the nation's average price level (i.e., the implicit price index). b. An increase in input prices. c. A decrease in the value of the domestic currency. d. Natural disasters. e. None of these answers is correct.
Economics
An appreciating yen makes Japanese products
A) more expensive in foreign markets. B) less expensive in foreign markets. C) more expensive in the Japanese market. D) more expensive in both foreign markets and the Japanese market.
Economics