Question : Aggregate supply = ________________
 

Option 1: Consumption 
 

Option 2: National income 
 

Option 3: Both of the above.
 

Option 4: None of the above.
 

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 
 

Option 4: None of the above.
 

Question : _________________ refers to the situation in aggregate demand is more than the aggregate supply.
 

Option 1: Excess supply 
 

Option 2: Excess demand 
 

Option 3: Unemployment 
 

Option 4: Full employment 
 

Question : Aggregate supply is _ curve
 

Option 1: 45 degree
 

Option 2: 60 degree
 

Option 3: 75 degree
 

Option 4: None of the above.
 

Question : It refers to difference between actual performance and standard performance.
 

Option 1: Deviation
 

Option 2: Controlling
 

Option 3: Processing
 

Option 4: None of the above.