explain the difference between Says law and Keynes views about the relationship between aggregate...

Question

explain the difference between Says law and Keynes views about the relationship between aggregate demand and aggregate supply

Robert · Accepted Answer

Explain the difference between Says law and Keynes views about the relationship between 
aggregate demand and aggregate supply 
Answer: 
Says law focuses on supply side economy and as per this law, supply creates its own demand. 
The argument is; if supply is higher, people will have higher income and therefore they would 
demand more whereas if supply is lower, people will have less income and therefore they would 
demand less. For this reason, prosperity should be increased by stimulating production, not 
consumption.

explain the difference between Says law and Keynes views about the relationship between aggregate demand and aggregate supply

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