Say's Law: Supply creates its own demand; implies there cannot be insufficient aggregate demand or demand...

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Say's Law: Supply creates its own demand; implies there cannot be insufficient aggregate demand or demand...

Say's Law: Supply creates its own demand; implies there cannot be insufficient aggregate demand or demand caused recessions

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business economics

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Answer 1

Answer #1

True, as per the says law the wages that are paid for the people to produce the goods will be used to create the demand in the market as there will be no leakages from it, this will ensure demand for the goods that we are producing. the statement is true.

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(3 Marks) Say's Law states that supply creates its own demand. What does this mean?

Say's Law States that: a. prices will adjust so that firms sell all of their merchandise...

In the Keynesian zone of the aggregate supply curve, how is Keynes’ law, where demand creates...

Is there a supply for every demand? Does a supply creates its own demand?

Question 4 A vertical aggregate supply schedule implies that a. real wages cannot impact output. b....

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Say's Law: Supply creates its own demand; implies there cannot be insufficient aggregate demand or demand...

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Add Answer to: Say's Law: Supply creates its own demand; implies there cannot be insufficient aggregate demand or demand...

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