Question : Which of the following statement are true?

1. According to Keynes, there are two approaches for determining the equilibrium level of income and employment in the economy.
2. In the contest of determination of equilibrium, AD, AS, savings and investment and

Question : Macroeconomics deals with which of the following studies?
I. Reasons behind the unemployment of resources.
II. Determination of total output.

Question : Which of the following are the assumptions of determination of equilibrium output.

1. Price level is assumed to be constant.
2. The government expenditure is autonomous in nature.
3. Equilibrium output is to be determined in context of long

Question : In the Keynesian theory of income determination, equilibrium income is achieved when:

Question : The main tools of macroeconomics are ___________ and _________.