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Preeti Dabral 3 years 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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Preeti Dabral 3 years 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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Khushi Patel 3 years, 9 months ago
4Thank You