Tag: unemployment and employment generation
Questions Related to unemployment and employment generation
If aggregate demand exceeds aggregate supply, the income rises.
Which among the following determinants of aggregate supply are held to be constant in the short run?
Which among the following determinants of aggregate supply is held to be variable in the short run?
Aggregate supply refers to the total value of output of goods and services produced in an economy in a year.
_____________ refers to the minimum amount of sales proceeds which entrepreneurs expect to receive from the sale of output at any given point level of employment.
Natural resources, also termed as land in economics, include all those natural gifts which are on the surface, below the surface and above the surface of the earth.
The aggregate supply and employment in the economy depends upon the stock of __________, its quality and use.
The productive efficiency of labour and capital increases with the use of __________.
_____ refers to that period in which supply of a commodity cannot be increased beyond its existing stock even if the demand has increased.
Deficiency in demand has no effect on the country's output and prices.