Say's Law is based on the relationships among

A) weather and agricultural production.
B) the demand for money and the supply of money.
C) saving,investment,and the interest rate.
D) the credit,product,and labor markets.
E) production,income,and spending.

Question

Alyssa Lewis · Accepted Answer

Final Answer : E, Explanation :  Say's Law is also known as the Law of Markets and states that production creates its own demand. In other words, when producers produce goods and services, they generate income and pay wages to their workers, who in turn use that income to purchase other goods and services. This creates a cycle of production, income, and spending, which is the basis of Say's Law. Therefore, the best choice is E.

Say's Law is based on the relationships among

A) weather and agricultural production.
B) the demand for money and the supply of money.
C) saving,investment,and the interest rate.
D) the credit,product,and labor markets.
E) production,income,and spending.

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Learning Objectives

Learning Objectives

Related questions

Say's Law is based on the relationships amongA) weather and agricultural production.B) the demand for money and the supply of money.C) saving,investment,and the interest rate.D) the credit,product,and labor markets.E) production,income,and spending.

Definitions

Learning Objectives

Learning Objectives

Related questions

Say's Law is based on the relationships among

A) weather and agricultural production.
B) the demand for money and the supply of money.
C) saving,investment,and the interest rate.
D) the credit,product,and labor markets.
E) production,income,and spending.