Say's law assures us that in the classical model,total spending is always enough to purchase the economy's total output.

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According to Say's law, supply creates its own demand, which means that the production and sale of goods and services generates income and purchasing power, enough to purchase the total output of the economy. This idea is a cornerstone of the classical economic theory, which assumes that markets work efficiently and any deviation from equilibrium is only temporary. Therefore, in the classical model, there is no systemic or persistent lack of demand, and the economy is always at full employment equilibrium. However, this assumption is contested by other economic schools and empirical evidence that suggests that sometimes, there can be short-term or long-term demand deficiencies caused by factors such as incomplete markets, externalities, or market power.

Say's Law Assures Us That in the Classical Model,total Spending