answer the former part of question number 7
Dear Student,
Determination of equilibrium level of income using consumption plus investment approach is explained in detail in our study material. You can refer to the same following the below mentioned path.
Chapter-4 (named as Income Determination )- Lesson-2 (named as Aggregate Supply and Determination of Equilibrium Level of Income, Output and Employment )-under the topic ' Aggregate Demand and Aggregate Supply approach (AD and AS approach) '
OR Go to the below mention link :-
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-macroeconomics/income-determination/341_1989_5844#slide2_aggregate-supply-and-determination-of-equilibrium-level-of-income-output-and-employment
Since AD = C + I, the AD-AS approach is also known as 'C + I' approach.
Regards
Determination of equilibrium level of income using consumption plus investment approach is explained in detail in our study material. You can refer to the same following the below mentioned path.
Chapter-4 (named as Income Determination )- Lesson-2 (named as Aggregate Supply and Determination of Equilibrium Level of Income, Output and Employment )-under the topic ' Aggregate Demand and Aggregate Supply approach (AD and AS approach) '
OR Go to the below mention link :-
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-macroeconomics/income-determination/341_1989_5844#slide2_aggregate-supply-and-determination-of-equilibrium-level-of-income-output-and-employment
Since AD = C + I, the AD-AS approach is also known as 'C + I' approach.
Regards