Question : Which of the following statement are true?
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.
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.
Question : Which of the following are the assumptions of determination of equilibrium output.
Question : Determination of equilibrium level
Question : Which factor affecting price determination is highlighted in the given statement? Statement: It must reflect the interest of both buyers and sellers.
Question : Which factor affecting price determination is highlighted in the given statement? Statement: The decision is affected by various other elements of marketing such as distribution system,quality of salesman employed,etc
Question : Which factor affecting price determination is highlighted in the given statement? Statement: It cannot be fixed without considering the nature and the degree of competition.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile