Economy, asked by meenakshi6837, 5 months ago

Using Proper diagrams, explains
the determination of national
Income in the Short run
and
long run

Answers

Answered by Vinayyadav80

Answer:

ɪɴ ᴛʜᴇ sʜᴏʀᴛ ʀᴜɴ, ᴛʜᴇ ʟᴇᴠᴇʟ ᴏғ ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ ɪs ᴅᴇᴛᴇʀᴍɪɴᴇᴅ ʙʏ ᴀɢɢʀᴇɢᴀᴛᴇ ᴅᴇᴍᴀɴᴅ ᴀɴᴅ ᴀɢɢʀᴇɢᴀᴛᴇ sᴜᴘᴘʟʏ. ᴛʜᴇ sᴜᴘᴘʟʏ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ɪɴ ᴀ ᴄᴏᴜɴᴛʀʏ ᴅᴇᴘᴇɴᴅs ᴏɴ ᴛʜᴇ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴄᴀᴘᴀᴄɪᴛʏ ᴏғ ᴛʜᴇ ᴄᴏᴍᴍᴜɴɪᴛʏ. ʙᴜᴛ ᴅᴜʀɪɴɢ ᴛʜᴇ sʜᴏʀᴛ ᴘᴇʀɪᴏᴅ ᴛʜᴇ ᴘʀᴏᴅᴜᴄᴛɪᴠᴇ ᴄᴀᴘᴀᴄɪᴛʏ ᴅᴏᴇs ɴᴏᴛ ᴄʜᴀɴɢᴇ..

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Using Proper diagrams, explainsthe determination of nationalIncome in the Short runandlong run​

Answers

Using Proper diagrams, explains
the determination of national
Income in the Short run
and
long run