Tag: theories of distribution
Questions Related to theories of distribution
Equilibrium beyond the full employment level does not lead to rise in output level.
According to Keynes, the equilibrium level of income is always determined corresponding to full employment level.
In determination of Equilibrium Level of Income by AD-AS approach, AD curve is represented by ____________.
The two approaches to determination of the equilibrium level of income are:
When aggregate supply exceeds aggregate demand or when investment is less than savings, _____________ will decrease.
When aggregate demand exceeds aggregate supply or when investment is greater than savings, _____________ will increase.
______________ propounded the Liquidity Preference Theory of Interest.
_______________ means the preference of the people to hold wealth in the form of liquid cash rather than in other non-liquid assets like bonds, securities, bills of exchange, land, building, gold etc.
$M _1$ is also known as transaction money because it can be directly used for making transactions.
Demand deposits include __________________.