"Supply creates its own demand" implies that
A) the very act of supplying a particular level of goods and services will not necessarily equal the level of goods and services demanded.
B) the very act of demanding a particular level of goods and services necessarily equals the level of goods and services supplied.
C) the very act of supplying a particular level of goods and services necessarily equals the level of goods and services demanded.
D) the government will buy up any surplus of goods and services in a country to avoid economic problems.
C
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Moving downward and to the right along a linear demand curve, we know that total revenue
a. first increases, then decreases. b. first decreases, then increases. c. always increases. d. always decreases.
The labor-force participation rate tells us the fraction of the population that is able to participate in the labor market
a. True b. False Indicate whether the statement is true or false