Question : According to this approach, the equilibrium level of income is determined at a level where planned saving is equal to planned investment.
Option 1: Aggregate demand and aggregate supply approach
Option 2: Savings and investment approach
Option 3: Both A and B
Option 4: Neither A nor B.
Answer (1)
23rd Jan, 2024
Correct Answer:
Savings and investment approach
Solution :
According to savings and investment approach, the equilibrium level of income is determined at a level where planned saving is equal to planned investment.
Hence, Option B is correct
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