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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?
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उत्तर
It will generate an inflationary gap or lead to inflation.
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संबंधित प्रश्न
Explain national income equilibrium through aggregate demand and aggregate supply. Use diagram. Also explain the changes that take place in an economy when the economy is not in equilibrium
Explain the concept of ‘deficient demand’ in macroeconomics.
State components of aggregate demand.
Explain how government spending can be helpful in removing deficient demand.
What is meant by inflationary gap?
Define aggregate supply?
Explain the role of 'Margin Requirements' in removing this deficient demand gap.
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
Write Short note on:
Average Propensity to Consume
Write explanatory answer.
What is 'aggregate supply'? Explain the determinants of aggregate supply.
What is meant by the “Effective Demand Principle” in the Keynesian theory of employment? Discuss using a schedule or a diagram.
On which factor Keynesian Theory of Employment depends?
The main component of aggregate demand is ______
On which concept does classical viewpoint depend?
The equilibrium level of income/output is established when ______
Why is effective demand also known as expost demand?
With reference to Simple Keynesian model, give the meaning of ex-ante demand.
