“CUET Economics Notes by Artham Resources: Chapter 2 – Determination of Income and Employment. Explores the factors influencing national income and employment levels, including aggregate demand, supply, and government policies.”
Content of Chapter 2 – Determination of Income and Employment:
- Introduction to National Income and Employment Determination
- Aggregate Demand: Components and Determinants
- Aggregate Supply: Short-Run and Long-Run Factors
- Equilibrium Income and Employment: Keynesian Cross Model
- Multiplier Effect and Propensity to Consume
- Government Policies for Achieving Full Employment and Economic Stability
- Limitations and Criticisms of Income and Employment Theories
Rashmi Verma –
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