Answered

Say's Law is primarily
concerned with:
A. the interaction of supply and demand in
the economy
B. government intervention in the economy
C. the role of banks in monetary policy

Verified Answer :

GinnyAnswer

Final answer:

Say's Law states 'Supply creates its own demand' and emphasizes the importance of supply in determining the size of the economy.


Explanation:

Say's Law states that 'Supply creates its own demand.' This principle, often associated with the importance of supply in determining the size of the economy, was popularized by the French economist Jean-Baptiste Say in the early 19th century. It highlights the connection between production, income generation, and overall demand in an economy, with neoclassical economists generally subscribing to this view.


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