Economy, asked by katariaanju756, 6 months ago

drive the Two alternative conditions of Expresing national income equilibrium show this equilibrium condition as a single diagram​

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Answered by Anonymous
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Answer:

The equilibrium level of the national income is defined as that point where the aggregate supply and the aggregate demand are equal to each other

Most simply, the formula for the equilibrium level of income is when aggregate supply (AS) is equal to aggregate demand (AD), where AS = AD. Adding a little complexity, the formula becomes Y = C + I + G, where Y is aggregate income, C is consumption, I is investment expenditure, and G is government expenditure.Oct 23, 2016

Explanation:

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