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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