Question

What is equilibrium income?

पर्याय

• The equilibrium income is defined as the level of income where AD = AS

• Planned savings is always = to the planned investment

• Both The equilibrium income is defined as the level of income where AD = AS and Planned savings is always = to the planned investment.

• None of the above

Answer 1

Both (1) and (2)

Explanation:

The level of income known as equilibrium income is defined as AD = AS, which indicates aggregate demand equals aggregate supply. The intended investment is always equal to the projected savings.