to which frenchman is the economic law commonly summarised as" aggreate supply creates its own aggreate demand

Answer 1

This is Say's Law or as Keynesian's would say "Potential Output," and was popularized in the U.S. by Reagan in the 80s (through taxcuts--was often referred to as "trickle down economics"), and I guess you could say Jacques Chirac, being the french version of conservative, though not to the degree of Reagan, would use Say's law to summarize his economic perspective. An example of his allegiance to this theory would be his suppressing of and unwillingness to submit to the communist esq uprisings this past year by the youth of Paris who were essentially demanding to be guaranteed employment regardless of job performance.

Answer 2

i imagine both those statements are too user-friendly. it really is continuously a fulfillment and omit attempting to anticipate what human beings might want to need to purchase. And promoting makes a distinction too. human beings will purchase an excellent purchase of inexpensive stuff basically cos it really is affordable even even with the undeniable fact that they don't desire it. they did not call for for it yet are procuring it because that there's a surprising form of it and it really is affordable. and evidently on the different hand, something unique or "restricted addtition" can create a tremendous call for. Or the producer wasn't positive on the fulfillment so basically made some and the the article blows up in attractiveness and there is no longer adequate to bypass round. I basically comprehensive interpreting "affordable, The extreme fee of inexpensive way of existence." fairly honestly worth the study.

Answer 3

Jean Baptiste Say.

However, this shortened version of Say's Law of Markets is crucially flawed.

It assumes that as long as something is produced, it will readily find a market.

In reality, the good that is produced MUST BE DESIRED BY OTHERS.

The shortened version of Say's Law (which was not Say's doing) fails to point out this crucial distinction.

Answer 4

Senor Jacques Strapp.

Answer 5

nepolianic

Nepoleon