Classical Theory Of Employment

Say’s Law and Classical Monetary Policy ,[object Object],[object Object],[object Object],[object Object],[object Object]

Bases of Say’s Law: I ,[object Object],[object Object],[object Object]

Savings and Investment S I i S & I i* If the amount people wish to save increases shifting S to S’ the equilibrium i rate falls S’ i’

Bases of Say’s Law: II ,[object Object],[object Object],[object Object],[object Object],[object Object]

Implications of Say’s Law ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Say’s Identity ,[object Object],[object Object],[object Object],[object Object],[object Object]

Say’s Identity ,[object Object],[object Object],[object Object],[object Object]

Say’s Equality ,[object Object],[object Object],[object Object],[object Object]

Direct Mechanism ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Direct Mechanism ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Indirect Mechanism ,[object Object],[object Object],[object Object],[object Object],[object Object]

Say’s Law--Conclusion ,[object Object],[object Object],[object Object],[object Object]

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