Say's Law

question 162

Multiple Choice

Say's Law

• A) cannot be satisfied if there is excess supply or demand in individual markets in the long run
• B) ensures that every firm will sell all of its output
• C) can be satisfied even if there is a general overproduction or underproduction of goods in the economy
• D) is satisfied only if every market clears in the short run
• E) shows that the total value of spending in the economy will equal the total value of the output produced

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Definitions:

Contraception

Contraception involves methods or devices used to prevent pregnancy as a result of sexual intercourse, encompassing a range of barrier, hormonal, and natural methods.

Ovulation

Release of a secondary oocyte from an ovary.

Vas Deferens

One of a pair of long ducts that carry mature sperm to the ejaculatory duct.

Vasectomy

A surgical procedure for male sterilization or permanent contraception that involves cutting and sealing parts of the vas deferens.