According to Say's Law,in the Aggregate

question 67

Multiple Choice

According to Say's Law,in the aggregate

• A) demand creates its own supply
• B) the production of output will generate exactly enough income to purchase what has been produced
• C) the economy is incapable of producing output fast enough to ensure full employment
• D) full employment cannot be sustained without government action
• E) consumer saving prevents the economy from reaching full employment

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Definitions:

Alternative Evaluation

The stage in the consumer decision process where options are assessed before making a purchase decision.

Information Search

The process by which individuals seek out and gather relevant information to satisfy a particular need or decision.

Routine Response Behavior

Refers to consumer purchasing decisions made out of habit without much deliberation or product comparison.

Prepurchase Behavior

The actions and processes consumers go through before making the final decision to purchase a product or service.