Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Determination of Income and Employment

Question:
Which of the following are always equal?
Options:
Aggregate Supply and Income
Aggregate Demand and Aggregate Supply
Marginal Propensity to Save and Marginal Propensity to Consume
Average Propensity to Save and Average Propensity to Consume
Correct Answer:
Aggregate Supply and Income
Explanation:
Aggregate Demand and Aggregate Supply are equal only in equilibrium but Aggregate Supply and Income are always equal.