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Determination Of Income And Employment

Question

What is aggregate supply (AS)?

Solution

Aggregate supply is the value of total output available for purchase by the economy during a year. Aggregate supply is represented by national income.

Some More Questions From Determination of Income and Employment Chapter

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Determination Of Income And Employment

What is aggregate supply (AS)?

Some More Questions From Determination of Income and Employment Chapter

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?

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