May 10, 2022
Consumption
Investment
Determination of Income
Equilibrium
Investment Multiplier
Interesting Points
Amplify your UPSC Preparation with this detailed article on a crucial Economy topic, Determination of Income and Employment.
Determination of income and employment is the core of the subject matter of macroeconomics. Aggregate demand and aggregate supply together determine the level of income and employment in an economy.
Aggregate demand is the total demand for all goods and services produced in an economy. Aggregate demand is the sum of consumption (both autonomous and induced consumption) and investment.
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