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Question
Level of planned output coincides with planned expenditure when ______
Options
AD = AS
C = I
Both AD = AS and C = I
None of these
MCQ
Fill in the Blanks
Solution
Level of planned output coincides with planned expenditure when AD = AS.
Explanation:
When AD = AS, all the producers who want to produce during the year have exactly the same amount of money as the customers who want to spend on goods and services during the year.
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Classification of Expenditure
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