Say's law

A) was a basic pillar of classical economics.
B) was a basic pillar of Keynesian economics.
C) was formulated during the Great Depression.
D) proves that we can never have full employment.

Say's Law

An economic theory that proposes that supply creates its own demand, suggesting that production is the source of demand and that markets naturally balance over time.

Classical Economics

A school of thought in economics that emphasizes the role of free markets in facilitating economic development and regulating economic systems.

Keynesian Economics

An economic theory stating that government intervention through fiscal and monetary policy can mitigate the adverse effects of economic recessions and depressions.