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Need some help with these homework questions, thanks! According to Say's law, there cannot be overproduction of goods and services because: O prices and wages
Need some help with these homework questions, thanks!
According to Say's law, there cannot be overproduction of goods and services because: O prices and wages are "sticky" or inflexible in the downward direction. O supply creates its own demand. O planned aggregate expenditures sometimes fall short of total output. O demand creates its own supply. Question 24 4 pts "Lower marginal tax rates encourage people to work, save, and invest, resulting in more output and larger tax base." This statement most closely reflects which of the following schools of economic thought? O Keynesian. O Classical economics. O Monetarist. O Supply-side economics. Question 25 4 pts John Maynard Keynes and his followers argued that the Great Depression was primarily the result of: O the perverse monetary policies of the Fed. O large budget deficits. O excessive government spending. O insufficient aggregate spending on goods and servicesStep by Step Solution
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