A rise in general level of prices may be caused by 1. an increase in the supply money 2. a decrease in the aggregate level of output 3. an increase in the effective demand Select the correct answer using the codes given below.
Options
(a)1 only
(b)1 and 2 only
(c)2 and 3 only
(d)1, 2 and 3
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Class 12Determination of Income and Employment— NCERT Economics, Chapter 4. This chapter builds Keynes's short-run model of national income with prices and the interest rate held fixed. Planned (ex ante) values matter, not accounting (ex post)…
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