Question : Aggregate supply is _ curve
Option 1: 45 degree
Option 2: 60 degree
Option 3: 75 degree
Option 4: None of the above.
Correct Answer: 45 degree
Solution : Aggregate supply is a 45 degree line because income is either consumed or saved. Hence, Option A is correct.
Question : An increase in government regulations can lead to:
Question : Effective demand refers to that level of aggregate demand which becomes effective because it is equal to aggregate supply.
Question : Aggregate supply = ________________
Question : Aggregate supply refers to __________________.
Question : Aggregate supply is obtained from _________.
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