______ level of income is that level of income where all the factors of production are fully employed in the production process. Option 1: Aggregate supply. Option 2: Aggregate demand. Option 3: Full employment. Option 4: Total Income.

The answer is 'Full employment.'. View full solution:

CUET Economics - ______ level of income is that level of income where all the factors of production are fully employed in the production process. | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Macro

Easy

Aggregate supply.

Aggregate demand.

Full employment.

Total Income.

✅ Correct Option: 3

Related questions:

15 May Shift 1

The investment multiplier is equal to which of the following?

CUET Economics 2022 Slot 5

Match List - I with List - II.

List - I	List - II
(A) MPC (Marginal Propensity to Consume)	(I) $\frac{\Delta Y}{\Delta I}$
(B) MPS (Marginal Propensity to Save)	(II) $\frac{\Delta C}{\Delta Y}$
(C) K (Multiplier)	(III) C + I
(D) AD (Aggregate Demand)	(IV) $\frac{\Delta S}{\Delta Y}$

Choose the correct answer from the options given below :

13 May Shift 2

The ratio of the total increment in equilibrium value of final goods output to the initial increment in autonomous expenditure is called: