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shaalaa.com | DETERMINANTS OF AGGREGATES Part 1 (Aggregate Demand)
Series 1: playing of 3
Explain the concept of 'excess demand' in macroeconomics. Also explain the role of 'open market operation' in correcting it.
Explain the concept of 'deficient demand' in macroeconomics. Also explain the role of Bank Rate in correcting it
Derive the two alternative conditions of expressing national income equilibrium. Show these equilibrium conditions on a single diagram.
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