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What is 'Aggregate Supply' in Macroeconomics? - Economics

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प्रश्न

Define aggregate supply?

What is 'aggregate supply' in macroeconomics?

उत्तर १

Aggregate supply means the total production of goods and services in the country at a given level of employment during the year.

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उत्तर २

Aggregate Supply refers to the aggregate production planned by all the producers during an accounting year. 
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2014-2015 (March) Delhi Set 1

व्हिडिओ ट्यूटोरियलVIEW ALL [2]

संबंधित प्रश्‍न

Explain the concept of 'excess demand' in macroeconomics. Also explain the role of 'open market operation' in correcting it.


Explain the concept of 'deficient demand' in macroeconomics.


Explain how government spending can be helpful in removing deficient demand.


Why does consumption curve not start from the origin?


State three measures to reduce inflationary gap.


Name any two components of 'aggregate demand'.

 


What are the determinats of Aggregate demand ?


State whether the following statements are True or False with reason: 

Income earned from foreign investment is considered for aggregate demand. 


State whether the following statement is true or false.

The equality between aggregate demand and aggregate supply determines the equilibrium level of employment.


Distinguish between:

Aggregate Demand and Aggregate Supply


Answer in detail.
Explain the determinants of aggregate demand.


Answer the following question.
Explain the concept of deficient demand with the help of aggregate demand and aggregate supply curves. Discuss one physical and one monetary measure to correct it.


Answer the following question.
Describe the adjustments that may take place in an economy when ex-ante Aggregate Demand is greater than ex-ante Aggregate Supply.


Choose the correct from given options
When aggregate demand is greater than aggregate supply, inventories


On which concept does classical viewpoint depend?


Aggregate supply is equal to ______.


How is it determined by using Saving and Investment approach?


Which of the following statement is true?


With the help of a diagram, determine the equilibrium level of output and income by using Aggregate demand and aggregate supply approach.


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