-->

Determination Of Income And Employment

Question

What is equilibrium income?

Solution

Equilibrium level of income is that level of income where aggregate demand equals aggregate supply (AD = AS) and planned savings equal planned investment (S = I).

Some More Questions From Determination of Income and Employment Chapter

State relationship between income and consumption.

For Daily Free Study Material Join wiredfaculty

Determination Of Income And Employment

What is equilibrium income?

Some More Questions From Determination of Income and Employment Chapter

State relationship between income and consumption.

What is Breakeven point?

What are the types of Propensity to consume?

How does MPC affect level of income?

Distinguish between APC and MPC, The value of which of APC and MPC can be greater than one and when?

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Loaction