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प्रश्न
What is meant by Equilibrium income?
What is equilibrium income?
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उत्तर
The equilibrium level of income is determined where aggregate demand is equal to aggregate supply in the economy. Graphically, it is a point where the AD curve and the AS curve intersect each other.
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संबंधित प्रश्न
Explain the concept of 'excess demand' in macroeconomics. Also explain the role of 'open market operation' in correcting it.
State three measures to reduce inflationary gap.
Explain the role of Repo Rate in reducing the Inflationary gap.
Explain the role of 'Open Market Operations' in reducing Deflationary Gap
Explain the subjective factors which determine consumption function.
Explain the determinants of aggregate supply.
Discuss the situation when aggregate demand is more than aggregate supply at full employment income level.
Fill in the blank with appropriate alternatives given below
That part of income, which is not spent on consumption, is called __________.
State with reason whether you agree or disagree with the following statement.
Aggregate demand depends only on the consumption expenditure.
State with reason whether you agree or disagree with the following statement.
Positive net earnings from foreign transactions add to aggregate demand.
Answer in detail.
Explain the equilibrium between Aggregate Demand and Aggregate Supply.
Discuss the adjustment mechanism in the following situation :
Aggregate demand is lesser than Aggregate Supply.
When the value of the currency falls as compared to other currencies, it is ______
A decrease in Cash Reserve Ratio will lead to ______
The equilibrium level of income/output is established when ______
Aggregate demand can be increased by:
When aggregate demand is greater than aggregate supply, inventories:
