Provide an explanation of Say's Law as well as an explanation for why this economic perspective is long-run. For this law to hold what economic assumptions must be present (i.e. in your discussion include an analysis of the market assumptions and individual behavior assumptions that are embedded in Say's Law)?
Provide an explanation of Say's Law as well as an explanation for why this economic perspective is long-run. For this law to hold what economic assumptions must be present (i.e. in your discussion include an analysis of the market assumptions and individual behavior assumptions that are embedded in Say's Law)?
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 4SQ
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Provide an explanation of Say's Law as well as an explanation for why this economic perspective is long-run. For this law to hold what economic assumptions must be present (i.e. in your discussion include an analysis of the market assumptions and individual behavior assumptions that are embedded in Say's Law)?
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