Question

Write the correct pair.

COLUMN I
COLUMN II

A. Increase in bank rate
B. Decrease in bank rate
C. Selling government approved Securities
D. Reduction in CRR
1.To check deficient demand
2.To check excess demand.
3. To check deficient demand 4. To check deficient demand.​

Answer 1

Full employment equilibrium refers to a situation when equilibrium is attained i.e., aggregate demand is equal to aggregate supply at full employment level.