Question : Aggregate supply is _ curve
Option 1: 45 degree
Option 2: 60 degree
Option 3: 75 degree
Option 4: None of the above.
Correct Answer: 45 degree
Solution : Aggregate supply is a 45 degree line because income is either consumed or saved. Hence, Option A is correct.
Question : Aggregate supply = ________________
Option 1: Consumption
Option 2: National income
Option 3: Both of the above.
Question : Aggregate supply refers to __________________.
Option 1: Actual output
Option 2: Desired output
Option 3: Both of the above
Option 4: None of the above
Question : Aggregate supply is obtained from _________.
Option 1: Consumption and saving schedule
Option 2: Consumption and investment schedule
Option 3: Investment and savings schedule
Question : Money Supply is a ______ concept.
Option 1: Flow
Option 2: Stock
Option 3: Capital
Question : It refers to a situation where the aggregate demand is equal to aggregate supply at full employment level.
Option 1: Full employment equilibrium
Option 2: Underemployment equilibrium
Option 3: Over full employment equilibrium
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