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 
 

Option 4: None of the above.
 

Question : _____________ is used for comparing the national income of different years.
 

Option 1: National income at current prices
 

Option 2: National income at constant prices
 

Option 3: Nominal national income
 

Option 4: None of the above
 

Question : The main tools of macroeconomics are ___________ and _________.

Option 1: Aggregate demand and aggregate supply

Option 2: Determination of income and employment

Option 3: Both 1 and 2

Option 4: None of the above

Question : When income level is zero, the consumption is ___________.
 

Option 1: Positive
 

Option 2: Negative
 

Option 3: Zero 
 

Option 4: None of the above.