The French classical economist Jean-Baptiste Say transformed the equality of production and spending into a law that

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The French classical economist Jean-Baptiste Say transformed the equality of production and spending into a law that can be expressed as follows:

a. The invisible hand creates its own supply.

b. Wages always fall to the subsistence level.

c. Supply creates its own demand.

d. Aggregate output does not always equal consumption.

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Economics For Today

ISBN: 9780226734798

7th Edition

Authors: Irvin B. Tucker

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