shaalaa.com | DETERMINANTS OF AGGREGATES Part 2 (Aggregate Demand)
Series 2: 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
Given consumption curve, derive saving curve and state the steps taken in the process of derivation. Use diagram.
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