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What is the conclusion of determination of income and employment

Posted by Saima Zia 1 year, 11 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 1 year, 11 months ago

Aggregate demand and supply define the level of income and employment at which the economy is in balance. Determination of equilibrium income, according to Keynesian theory, is established when aggregate demand, represented by the C + I curve, equals total output (Aggregate Supply or AS).

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