Advertisements
Advertisements
Questions
Define aggregate supply?
What is 'aggregate supply' in macroeconomics?
Solution 1
Aggregate supply means the total production of goods and services in the country at a given level of employment during the year.
Solution 2
APPEARS IN
RELATED QUESTIONS
Given consumption curve, derive saving curve and state the steps taken in the process of derivation. Use Diagram.
What is aggregate demand?
State components of Aggregate demand ?
Derive the two alternative conditions of expressing national income equilibrium. Show these equilibrium conditions on a single diagram.
Explain the role of Cash Reserve Ratio in removing an inflationary gap
Explain the role of 'Margin Requirements' in removing this deficient demand gap.
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 demand depends only on the consumption expenditure.
Answer the following question.
What is meant by the "Effective Demand Principle" in the Keynesian theory of employment? Discuss using a schedule or a diagram.
Choose the correct from given options
When aggregate demand is greater than aggregate supply, inventories
The main component of aggregate demand is ______
Keynes theory is associated with ______
How is it determined by using Saving and Investment approach?
Identify the correctly matched pair from Column A to Column B:
| Column A | Column B |
| (1) Y = AD | (a) Level of output at full employment |
| (2) Forward Multiplier | (b) Withdrawal of investment decreases income |
| (3) Paradox of Thrift | (c) People save less or same as before |
| (4) Multiplier (k) < 1 | (d) 0 < MPC < 1 |
Which of the following are the definitions of money supply in India?
When the value of the currency falls as compared to other currencies, it is ______
It is seen that the private consumption expenditure, private investment expenditure, and ex-ante savings have reduced the ______ in the economy.
Aggregate demand can be increased by:
When aggregate demand is greater than aggregate supply, inventories:
