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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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State components of aggregate demand.
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Write explanatory answer:
What is Aggregate demand ? Explain the determinants of Aggregate demand.
State with reason whether you agree or disagree with the following statements. (any Three)
Aggregate demand depand only on the consumption expenture.
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Fill in the blank with appropriate alternatives given below
The General Theory of Employment, Interest and Money was written by __________.
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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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The equality between aggregate demand and aggregate supply determines the equilibrium level of employment.
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Aggregate Demand
Define or Explain the following concept:
Aggregate Supply
Write Short note on:
Average Propensity to Consume
Answer in detail.
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Answer in detail.
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Answer the following question.
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Answer the following question.
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Choose the correct from given options
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Explain its impact on the level of output, income and employment.
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