At a particular national income, if aggregate demand exceed~ aggregate output then (a) output should increase till

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At a particular national income, if aggregate demand exceed~ aggregate output then

(a) output should increase till equilibrium is reached.

(b) output should decline till equilibrium is reached.

(c) output must not change.

(d) none of the above.

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Macroeconomics

ISBN: 9780124080669

2nd Edition

Authors: Debes Mukherjee

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Question Posted: Nov 15, 2024 06:00 AM

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At a particular national income, if aggregate demand exceed~ aggregate output then (a) output should increase till

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Macroeconomics

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