Please I need Help Say\'s law says supply creates its own demand. supply will eq
ID: 1090783 • Letter: P
Question
Please I need Help
Say's law says supply creates its own demand. supply will equal demand. supply and demand create GDP. demand creates its own supply. The view held by classical economists is that the economy will operate with maximum efficiency within the production possibilities curve. with no unemployment on the production possibilities curve. without constraints on the production possibilities curve. at full employment on the production possibilities curve. Keynes's view is that the economy can operate with some unemployment inside the production possibilities curve. with no unemployment on the production possibilities curve. at full employment on the production possibilities curve. without constraints on the production possibilities curve.Explanation / Answer
1. Say's law states that the production of goods creates its own demand. a
2. d at full employment on production possibility curve
3.a with some unemployment inside the production possibility curve