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Indian Fiscal System Questions and Answers for Competitive Exams

Q.

According to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes

[A] A fall in prices of output and resources
[B] A fall in real gross National product and employment
[C] A rise in real gross National product and investment
[D] A rise in prices of output and resources

Answer & Explanation

Answer: Option [A]

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