the main reason why changes in equilibrium level of national income should be expected to be

Expert Solution

ANS : if To get the equilibrium level of national income, we simply combine the aggregate demand and supply curves. as well as If nothing changes then the economy will be stable at this equilibrium, because but any changes in aggregate supply and demand will lead to changes in output and the price level. ...

Rahul Sunny answered 1 year ago

equilibrium level of the national income = 2,500 full employment level of national income = 3,000...

equilibrium level of the national income = 2,500 full employment level of national income = 3,000 C= 200+ 0.6Y 1. What is deflationary gap ? 2. To full employment level, How much increase effective demand ?

1- Why can’t Gross National Income be directly used as a measure of income level?...

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“Under national income accounting, why should the income method be equal to the expenditure method? Is...

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1 Net National Income equals Gross National Income minus A changes in inventories. B imports. C...

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how does changes in national income affects the LM curve?

Why Aggregate supply is important in the National Income calculations? Your answer should tell the impact...

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In a closed economy with no government, the equilibrium level of income is £22 billion, the...

In a closed economy with no government, the equilibrium level of income is £22 billion, the full employment level of income is £25 billion. To reach full employment would require an injection of £1 billion. Explain how could the economy reach full employment equilibrium level of income £25 billion?

Provide a reason why a ligand should not bind covalently to a receptor.

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