Which of the following is true?A) The bible for the classical economists was Adam Smith's The Wealth of Nations.B) Keynes believed that the problem during recessions was inadequate aggregate demand.C) Say's law states that supply creates its own demand.D) All of the statements are true.

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Huihui Zheng · Accepted Answer

Final Answer : D, Explanation :  All the statements are accurate descriptions of economic theories and beliefs. A) Adam Smith's The Wealth of Nations is indeed considered foundational in classical economics. B) Keynes argued that recessions are caused by insufficient aggregate demand. C) Say's Law posits that supply inherently creates its own demand.

Which of the following is true?

A) The bible for the classical economists was Adam Smith's The Wealth of Nations.
B) Keynes believed that the problem during recessions was inadequate aggregate demand.
C) Say's law states that supply creates its own demand.
D) All of the statements are true.

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