Explain how the classical economists concluded that Say’s Law is valid and long-term unemployment is impossible. Use the following consumption function data to answer the questions next. a. Calculate...

Explain how the classical economists concluded that Say’s Law is valid and long-term unemployment is impossible.

Use the following consumption function data to answer the questions next.

a. Calculate the saving schedule.

b. Determine the marginal propensities to consume (MPC) and save (MPS).

c. Determine the break-even income.

d. What is the relationship between the MPC and the MPS?