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प्रश्न
State with reason whether you agree or disagree with the following statement.
Aggregate supply is influenced by the state of technology only.
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उत्तर
The above statement is incorrect. Besides, the state of technology, the aggregate supply is affected by various other factors as well, namely, natural resources, labour force and stock of capital. The aggregate supply function can be represented as follows.
`AS = f(barN,barL,barK,barT)`
Where,
AS = Aggregate supply
N = Natural resources
L = Labour
K = Stock of capital
T= State of technology
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संबंधित प्रश्न
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Explain with reason, whether you agree or disagree with the following statement:
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| 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 Demand
Write Short note on:
Average Propensity to Consume
Answer the following question:
What are the determinants of Aggregate Supply (AS)?
State with reason whether you agree or disagree with the following statement.
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Answer in detail.
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Answer in detail.
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Answer in detail.
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Write explanatory answer.
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