Economy, asked by defaulterjaat123, 2 months ago

7.
Effective demand refers to:
a. AD which is met by corresponding supply
b. AD which is necessary to achieve full employment
c. Different levels of AD at different level of income
d. None of the above

Answers

Answered by Aa2311

0

Answer:

the answer should be

option a.

Explanation:

because in Keynesian economics

effective demand is the point of equilibrium where aggregate demand equals aggregate supply.

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