Question : Aggregate supply is obtained from _________.
Option 1: Consumption and saving schedule
Option 2: Consumption and investment schedule
Option 3: Investment and savings schedule
Option 4: None of the above.
Correct Answer: Consumption and saving schedule
Solution : Aggregate supply is obtained by adding consumption and savings schedules. AS= C+I Hence, Option A is correct.
Question : Inventory rises above the desired level when
Question : Aggregate supply = ________________
Question : Inventory falls below the desired level when
Question : The equilibrium in the aggregate market occurs when:
Question : According to this approach, the equilibrium level of income is determined at a level where planned saving is equal to planned investment.
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