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Determination Of Income And Employment

Question

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Compare the Classical views with those of Keynes with regard to equilibrium level of income and employment.

Solution

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Some More Questions From Determination of Income and Employment Chapter

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?

State relationship between income and saving.

What is saving function (or Propensity to save)?

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