Determination of Income and Employment :- In this blog we will study on the class 12 economics chapter 3 important questions And all the questions are taken from important questions from XamIdea and important Questions from oswaal mcq class 12 And previous year Questions and many more so from this you can get more idea that how to score higher in your exam Examnoteshub provides all the important questions for class 12 , bcom and important MCQ for CUET and many more So lets Begin :-

Determination of Income and Employment Class 12 Important question | Macro Economics Chapter 4 notes

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Macro Economics Chapter 4 Important Question

Question 1 :- What is aggregate supply

Answer :- aggregate supply referred to the planned production of goods and services in the economy during an accounting period .

Question 2 :- What is meant by equilibrium ?

Equilibrium means is the situation when the producer wants to  produce the exact amount equal to the people they want to buy during an accounting period of year .

Question 3 :- What is the minimum value of investment multiplier

The minimum value of investment multiplier is ONE (1) .

What do you meant by inflationary gap

Infationary gap Means the excess of aggregate demand over and above its level of requirement to maintain the full employment equilibrium in the economy .

what do you meant by deflationary gap

Deflationary gap means the situation of deficiency of demands When aggregate demand is less than aggregate supply to the full employment level .

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What do you mean by monetary policy

Monetary policy referred to that policy which provide the situation of access and less demand by regulating their interest rate and availability of credit available in the economy

What does MPC rap for 2 in a diagram showing consumption function or consumption line ?

In the diagram MPC showing consumption function and consumption line MPC referred to the slope of consumption line that are shown in the diagram .

What happen if AD>AS  Prior to the full employment level of the output ?

Excess amount of AD over AS prior year to the full employment level of the output refer the states of disequilibrium in the economy AD being greater than AS producer had to demand out of their existing stock of goods this is desired level of stroke will be increased which helped to greater production and this provide increase in AS and increase in as will continue the equilibrium difference between AD and AS .

Draw the consumption curve and saving curve in a single diagram and mark the ‘break-even-point ‘ ?

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Question :- In an Economy , an Increase in investment leads to 3-times increase in national income . Calculate marginal propensity to consume .

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Conclusion : Determination of Income and Employment

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FAQ : Determination of Income and Employment