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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
What is meant by effective demand?
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Answer

The level at which the economy is in equilibrium, i.e., where aggregate demand = aggregate supply, is called effective demand.

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