Economy, asked by ahirwarr2829, 1 year ago

How equilibrium of national income is obtained in skm?

Answers

Answered by Vaibhav2005
1

The central proposition of the simple Keynesian model (the SKM) is that national output (income) reaches its equilibrium value when output is equal to aggregate demand. This means that income received (K) is equal to desired expenditure (E).

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