In a supply-driven economy, which of the following statements are correct? Select all correct statements: Select one or more: O a. output is produced by a production function. O b. demand creates its own supply. Oc. if the economy is closed, what is not consumed by households or governments is invested in new capital. O d. higher saving raises incomes in the future.

In a supply-driven economy, which of the following statements are correct? Select all correct statements: Select one or more: O a. output is produced by a production function. O b. demand creates its own supply. Oc. if the economy is closed, what is not consumed by households or governments is invested in new capital. O d. higher saving raises incomes in the future.

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter33: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 4CQQ

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