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Determination Of Income And Employment

Question

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What is equilibrium output?

Solution

Output is at its equilibrium level when quantity of output produced is equal to quantity’ demanded.

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?

How does MPC affect level of income?

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