The level of output is determined by the ..... Option 1: Full Employment. Option 2: Excessive Demand. Option 3: Marginal Output. Option 4: Equality of Income (Y) with Aggregate Demand (AD)

The answer is 'Equality of Income (Y) with Aggregate Demand (AD)'. View full solution:

CUET Economics - The level of output is determined by the ..... | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Macro

Medium

Full Employment.

Excessive Demand.

Marginal Output.

Equality of Income (Y) with Aggregate Demand (AD)

✅ Correct Option: 4

Related questions:

27 May Shift 2

The equilibrium level of output may be more or less than the full employment level of output. If it is less than the full employment of output, it is due to the fact that demand is not enough to employ all factors of production. This situation is called ......

CUET Economics 2022 Slot 2

Match List I with List II

LIST I (Concept under Theory of Income determination)	LIST II (Meaning)
A. Saving < Investment	I. When AD<AS
B. $\frac{1}{1-mpc}$	II. Under employment equilibrium
C. National income will fall	III. Planned inventory would fall below the desired level
D. AD=AS at a point less than full employment	IV. Multiplier

Choose the correct answer from the options given below:

CUET Economics 2022 Slot 1

Assume that in an economy increased consumption is equal to increased saving, how many times will the national income increase in such an economy with an increase in investment?

CUET Economics 2025 13 May Shift 1 PYQs

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