Economics (M.Phil./Ph.D.) 2020 Panjab University Entrance Exam With Answers

Practice Mode:

Which of the following statements is true about Say’s Law?

A: It states that supply creates its own demand
B: It states that demand creates its own supply
C: It states that total output will always exceed total spending
D: It states that consumption spending is the most volatile component of aggregate expenditures

The answer is: A