Say's Law Dictates That

question 107

Multiple Choice

Say's law dictates that:

• A) demand creates its own supply.
• B) supply creates its own demand.
• C) output prices are inflexible.
• D) wages are inflexible.

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Definitions:

Federal Government

The national government of the United States, created by the Constitution, consisting of three branches: executive, legislative, and judicial.

Pro-French Foreign Policy

A foreign policy stance favoring close relations and alliances with France, often in terms of diplomacy, trade, and military cooperation.

Monetary Policy

The process by which a government, central bank, or monetary authority manages the supply of money and interest rates to achieve economic objectives.

Internal Taxes

Internal taxes are taxes imposed by a government on goods, activities, or income within its own borders, as opposed to tariffs on imports.