☰
✕

Determination of Income and Employment
Question
Wired Faculty App

What is meant by effective demand?

Answer

The level of aggregate demand required to achieve full employment is called effective demand.

Sponsor Area

Some More Questions From Determination of Income and Employment Chapter

State briefly the Classical Theory and the Keynesian Theory of Income and Employment.

What do you understand by aggregate demand (AD)?

Explain the meaning of aggregate supply (AS).

Calculate consumption level for Y = र 1000 crores if consumption function is C = 300 + 0.5Y.

State relationship between income and consumption.

What is Breakeven point?

What are the types of Propensity to consume?