MCQOPTIONS
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| 1. |
Acording 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» B. a fall in real gross National product and employment | |