Solve the question of and select the option from the choices A through D/E. Check your Answer and view the explanation.
Question: 3
Who said ‘Supply creates its own demand’?
- Adam Smith
- J. B. Say
- Marshall
- Ricardo
Show/Hide Explanation
Correct Answer: B
None
Sol. “Supply creates its own demand” is the formulation of Say’s law . The rejection of this doctrine is a central component of the General Theory off Employment, Interest and Money (1936) and a central tenet of Keynesian economics.