Question : It refers to a situation where the aggregate demand is equal to aggregate supply at full employment level.
Option 1: Full employment equilibrium
Option 2: Underemployment equilibrium
Option 3: Over full employment equilibrium
Option 4: None of the above.
Answer (1)
27th Jan, 2024
Correct Answer:
Full employment equilibrium
Solution :
Full employment equilibrium refers to a situation where the aggregate demand is equal to aggregate supply at full employment level.
Hence, Option A is correct.
Comments (0)
Related Questions
Trending Articles/News
