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What is equilibrium level of national …

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What is equilibrium level of national income? Discuss the different situations in which an economy can attain equilibrium.

    • Posted by Anjali Phukan Phukan 6 years, 8 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Rajat Katkani 6 years, 8 months ago

    Equilibrium level of national income is determined by the intersection of aggregate demand and aggregate supply curve economy can attain equilibrium in two situations firstly at full employment secondly at underemployment it can also be more employment equilibrium but it can never be attained

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