Question : Which of the following statement are true?

According to Keynes, there are two approaches for determining the equilibrium level of income and employment in the economy.

In the contest of determination of equilibrium, AD, AS, savings and investment and all ex-post variables.

Option 1: Both are true.

Option 2: Both are false.

Option 3: Statement 1 is true, statement 2 is false.

Option 4: Statement 1 is false, statement 2 is true.

Question

Question : Which of the following statement are true?

According to Keynes, there are two approaches for determining the equilibrium level of income and employment in the economy.
In the contest of determination of equilibrium, AD, AS, savings and investment and all ex-post variables.

Option 1: Both are true.

Option 2: Both are false.

Option 3: Statement 1 is true, statement 2 is false.

Option 4: Statement 1 is false, statement 2 is true.

Team Careers360 · Accepted Answer

Correct Answer: Statement 1 is true, statement 2 is false.

Solution : According to Keynes, there are two approaches for determining the equilibrium level of income and employment in the economy.
In the contest of determination of equilibrium, AD, AS, savings and investment and all ex-ante variables.
Hence, Option C is correct.

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