The equality between aggregate demand and aggregate supply determines the equilibrium level of employment. (State whether the statement is TRUE or FALSE)
Answers
Answered by
2
fcjckfkvjvofododofodkejfjckekdkkd true
Answered by
0
Answer
It is true that the equality between aggregate demand and aggregate supply determines the equilibrium level of employment.
Explanation
if the Aggregate Demand (AD) is more than the Aggregate supply (AS) the direction of change in employment is positive.
if the Aggregate Demand (AD) is equal to Aggregate Supply (AS) then the direction of change is at equilibrium.
If the Aggregate Demand is less than the Aggregate Supply (AS) then the direction of change is neagitive.
Similar questions