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Standard XII
Economics
Ex Ante Investment
The equilibri...
Question
The equilibrium level of income is defined where
.
A
AS > AD
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B
AD > AS
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C
AS = AD
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D
AS >/= AD
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Solution
The correct option is
C
AS = AD
The equilibrium level of income is that level of income where AS = AD.
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Similar questions
Q.
The equilibrium level of income is defined where
Q.
How is the equilibrium level of income attained through AD and AS approach?
Q.
In determination of Equilibrium Level of Income by AD-AS approach, AD curve is represented by ____________.
Q.
In an economy the autonomous investment is 100 and the consumption is C= 80 +0.4Y. Is the economy in equilibrium at an income level 400? Justify your answer.
(Equilibrium Income = 300; As given income of 400 is greater than equilibrium level of income, the economy is not at equilibrium. It is at a situation where AD is greater than aggregate output produced in the economy)
Q.
Equilibrium level of income is determined at a level where ________________________.
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