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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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Werner's theory states that- 1. Metals possess two types of valencies called primary / ionizable and secondary / non - ionizable valency. 2. Every metal atom has a tendency to satisfy both its primary and secondary valencies.
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