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Answer to Question #94278 in Macroeconomics for Nomthandazo
Question #94278
which one of the following statement regarding say's law is correct
(1) overproduction is not possible
(2) demand determines supply
(3) aggregate spending determines production
(4) consumption is equal to savings
(1) overproduction is not possible
(2) demand determines supply
(3) aggregate spending determines production
(4) consumption is equal to savings
Expert's answer
1) Overproduction is not possible
Majorly because production induces demand by equal quantity
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