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Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsDetermination of Income and Employment1 Mark
Question
Fill in the blank with the suitable definition.
Effective demand is defined as ________.
✓

Answer

Effective demand is defined as that level of output and employment where Aggregate Demand is equal to Aggregate supply.

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