In a two sector economy, aggregate demand is equal to

Related MCQs

• “Effective demand is different from aggregate demand”. This statement is:
• In the Keynesian two sector economy, AD>AS, then
• In the Keynesian two sector economy, AD<AS, then
• Excess demand for money, according to Say’s law in the Economy:
• When demand curve is rectangular hyperbola, the value of price elasticity of demand will be:
• When saving is greater than investment in a two-sector model,
• In the Keynesian two sector model, when AD = AS, then:
• Other things being equal a decrease in demand can be caused by
• The aggregate production function implied under classical theory is :
• According to Keynes, rising aggregate income is always associated with