The particular level of AD which is equal to AS is called _________.

CA Foundation · Business Economics · MTP · June 2024
The particular level of AD which is equal to AS is called _________.
(A) A. equilibrium demand
(B) B. effective demand
(C) C. derived demand
(D) D. None of the above

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. effective demand

Topics: Determination of National Income

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