ECONOMICS
AGGREGATE DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True or False:In case AS = AD, there is an obvious equality between S and I:
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Ans: True, The equality between AS and AD implies the equality between S and I. Accordingly, there is only one level of equilibrium output when AS = AD and S = I.
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