The Assumption of Continuous Market Clearing Means That

question 9

Multiple Choice

The assumption of continuous market clearing means that:

• A) sellers can sell all that they want at the going price.
• B) buyers can buy all that they want at the going price.
• C) in any given month, buyers can buy all that they want and sellers can sell all that they want at the going price.
• D) at any given instant, buyers can buy all that they want and sellers can sell all that they want at the going price.

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Definitions:

Public Law

The part of law that governs relationships between individuals and the government, and those relationships between individuals which are of direct concern to society.

Criminal Law

A body of laws that relates to crime and provides regulations for conduct deemed harmful, threatening, or otherwise endangering to the property, health, safety, and moral welfare of people.

Civil Law

A legal system focused on resolving disputes between individuals or entities and involves personal matters, excluding criminal proceedings.

Criminal Laws

Laws pertaining to crimes and their punishment, focusing on offenses against the state or society as a whole.