CUET Economics 2026 21st May Shift 2 PYQs

Calculate the value of the multiplier and find the value of the consumption quantity that is independent of income from the following equation.

C=150+0.75Y

Arrange the sequence of events relating to establishment of equilibrium in the economy.

(A) This will cause unintended decumulation of inventories

(B) This process continues till ex-ante aggregate demand becomes equal to ex-ante aggregate supply

(C) The producers will respond by increasing output

(D) If ex-ante demand for final goods by firms and households is greater than the output the producers plan to produce in a given year

(E) When output increases, both employment and income rise

Choose the correct answer from the options given below :

$C = 120 + 0.5Y$

$I = 20$

What is the equilibrium income?