MasteryExams
Economics • Economic BasicsEasy

Which economic law famously states that 'Supply creates its own demand', serving as a core foundation for classical macroeconomics?

A. Say's Law✓ Correct Answer
B. Gresham's Law
C. Walras's Law
D. Okun's Law

💡 Solution & Explanation

Say's Law of Markets posits that aggregate production inherently generates an equivalent amount of income and demand, forming a cornerstone of classical macroeconomic theory. Alternative principles like Gresham's law address currency circulation rather than general market equilibrium.

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