Question : Effective demand refers to that level of aggregate demand which becomes effective because it is equal to aggregate supply.
Option 1: Aggregate demand
Option 2: Aggregate supply
Option 3: Effective demand
Option 4: None of the above.
Answer (1)
12th Jan, 2024
Correct Answer:
Effective demand
Solution :
Effective demand refers to that level of aggregate demand which becomes effective because it is equal to aggregate supply.
Hence, Option C is correct.
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