At the present level of employment in a hypothetical economy, the aggregate demand is falling short of aggregate supply. What will be the likely…
CUET UG 2025 — Economics Macro
At the present level of employment in a hypothetical economy, the aggregate demand is falling short of aggregate supply. What will be the likely change in the level of national income of this economy?
Held on 21 May 2025 · Verified 13 Jul 2026.
Options
- A
National income is likely to rise.
- B
National income is likely to fall.
- C
The economy is already at equilibrium so there will be no change in national income.
- D
The income initially rises and then falls.
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