Question

a. One of the main conclusions of​ Say's Law was that A. if people demand goods in order to then supply​ goods, there can be no overproduction in a market economy and full employment will be the normal state of affairs. B. if people supply goods in order to then demand​ goods, there can be overproduction in a market economy and less than full employment will be the normal state of affairs. C. if people supply goods in order to then demand​ goods, there can be no overproduction in a market economy and full employment will be the normal state of affairs. D. if people demand goods in order to then supply​ goods, there can be overproduction in a market economy and less than full employment will be the normal state of affairs. b. Which of the following best exemplifies​ Say's Law? A. Increases in labor eventually lead to smaller and smaller increases in output. B. The more you consume the less additional satisifaction you obtain from the next unit of the good. C. The production of a​ $4000 plasma TV set creates demand for other goods and services valued at​ $4000. D. A decrease in the price of a good leads to a larger amount of the good being purchased. c.​ Say's Law fits best in the ▼ Classical Theory Keynesian Theory Monetarist Theory since this philosophy placed great importance on ▼ aggregate supply aggregate demand to determine the ▼ level of output price level level of unemployment level of employment .

Answer 1

A. C. if people supply goods in order to then demand​ goods, there can be no overproduction in a market economy and full employment will be the normal state of affairs.

B. C. The production of a​ $4000 plasma TV set creates demand for other goods and services valued at​ $4000.

Step-by-step explanation:

One of the main conclusions of​ Say's Law was that if people supply goods in order to then demand​ goods, there can be no overproduction in a market economy and full employment will be the normal state of affairs.

According to Say's law, demand is a product and function of supply, implying that without supply, demand will not exist.

Furthermore it purports that Aggregate Demand is a function of Aggregate Supply and that Total Output in an economy will create and equal Aggregate Demand

b. What best exemplifies​ Say's Law is: The production of a​ $4000 plasma TV set creates demand for other goods and services valued at​ $4000.

Answer 2

Answer: C, C and Classical theory, aggregate supply, level of output.

Step-by-step explanation:

If people supply goods in order to then demand​ goods, there can be no overproduction in a market economy and full employment will be the normal state of affairs.

The production of a​ $4000 plasma TV set creates demand for other goods and services valued at​ $4000.

Say's Law fits best in the Classical Theory since this philosophy placed great importance on aggregate supply to determine the level of output.