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प्रश्न
If aggregate demand exceeds aggregate supply in a situation of full employment, what will be its impact on the economy?
उत्तर
It will generate an inflationary gap or lead to inflation.
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संबंधित प्रश्न
Given consumption curve, derive saving curve and state the steps taken in the process of derivation. Use Diagram.
Explain the concept of 'excess demand' in macroeconomics. Also explain the role of 'open market operation' in correcting it.
Why does consumption curve not start from the origin?
What is meant by inflationary gap?
Explain the subjective factors which determine consumption function.
What are the determinats of Aggregate demand ?
Explain the following concepts or give definitions.
Depreciation
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Income earned from foreign investment is considered for aggregate demand.
Fill in the blank with appropriate alternatives given below
That part of income, which is not spent on consumption, is called __________.
Match the following Group:
| Group A | Group B | ||
| 1) | Aggregate Supply | a) | Expected receipts |
| 2) | Autonomous Investment | b) | Lord J. M. Keynes |
| 3) | Consumption | c) | Government Investment |
| 4) | A.P.C. | d) | ΔC/ΔY |
| 5) | Investment | e) | C/Y |
| f) | Addition to stock of capital | ||
| g) | Destruction of utility | ||
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Aggregate Supply
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What are the determinants of Aggregate Demand (AD)?
Answer the following question:
What are the determinants of Aggregate Supply (AS)?
State with reason whether you agree or disagree with the following statement.
Aggregate supply is influenced by the state of technology only.
Answer in detail.
Explain the determinants of aggregate demand.
On which factor Keynesian Theory of Employment depends?
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