1: Please imagine a theoretical neoclassic standard model of the economy. a) Explain the so called 'Say's Law in detail, please. b) Assume that advanced technical development takes place. What kind of changes within the model do you expect?

1: Please imagine a theoretical neoclassic standard model of the economy. a) Explain the so called 'Say's Law in detail, please. b) Assume that advanced technical development takes place. What kind of changes within the model do you expect?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

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1: Please imagine a theoretical neoclassic standard model of the economy.
a) Explain the so called 'Say's Law in detail, please.
b) Assume that advanced technical development takes place. What kind of changes
within the model do you expect?

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