According to Say's Law

question 123

Multiple Choice

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

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Definitions:

Overall Unemployment Rate

The amount of the workforce that remains unemployed and is actively on the lookout for employment.

Cyclical Unemployment

Unemployment that results from economic downturns or recessions, characterized by a lack of demand for goods and services.

Unemployment Insurance

A government program that provides financial assistance to individuals who are unemployed through no fault of their own, offering temporary income support.

Computerized Job Bank

A digital platform or database that connects job seekers with employment opportunities.