“Effective demand is different from aggregate demand”. This statement is:

Related MCQs

• In a two sector economy, aggregate demand is equal to
• The concept of effective demand is associated with the name of
• The aggregate production function implied under classical theory is :
• According to Keynes, rising aggregate income is always associated with
• Macroeconomics is primarily concerned with aggregates. Which of the following is not a macroeconomic aggregate?
• When demand curve is rectangular hyperbola, the value of price elasticity of demand will be:
• Which policy is effective in the Classical range?
• Which policy is effective in the Keynesian range?
• Which policy is effective in the intermediate range?
• Who had a different macro theory than the rest?