Q17 of 38 Page 1

Aggregate demand can be increased by: (Choose the correct alternative)

Reason – Aggregate demand is the part of total income or total amount of money that the buyers are ready to spend.

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15

Given below is the cost schedule of a product produced by a firm. The market price per unit of the product at all levels of output is ₹ 12. Using marginal cost and marginal revenue approach, find out the level of equilibrium output. Give reasons for your answer.

 16

The ratio of total deposits that a commercial bank has to keep with Reserve Bank of India is called: (Choose the correct alternative)

 18

Give the meaning of involuntary unemployment.

 19

What is primary deficit?