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National Income Determination and Multiplier – CBSE Notes for Class 12 Macro Economics Introduction This chapter is a numerical determination of national income under Aggregate demand— Aggregate supply and Saving—Investment approach. Concept of Multiplier, based numerical on it and its working is also highlighted. National Income Determination Under Aggregate Demand And Supply Approach And Saving, [...]
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Aggregate Demand and Its Related Concepts – CBSE Notes for Class 12 Macro Economics Aggregate Demand, Aggregate Supply And Three Components 1. Aggregate Demand: (a) Aggregate demand refers to the total demand for final goods and services in an economy during an accounting year. (b) Aggregate demand is aggregate expenditure on ex-ante (planned) consumption and [...]
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Banking – CBSE Notes for Class 12 Macro Economics Introduction: This is a textual description of commercial bank, credit creation by commercial bank, central bank and its functions. Commercial Bank And Credit Creation By Commercial Bank 1. Commercial bank is a financial institution which performs the functions of accepting deposits from the public and making [...]
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Money – CBSE Notes for Class 12 Macro Economics Barter System And Its Difficulties, Money And Functions Of Money: 1. Barter system of exchange is a system in which goods are exchanged for goods. 2. For example, wheat may be exchanged for cloth; house for horses, etc., or a teacher may be paid wheat or [...]
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National Income and Related Aggregates – CBSE Notes for Class 12 Macro Economics Introduction: This is a numerical based chapter to calculate national income by different methods (Income, expenditure and value added method, their steps and precautions). Numerically to determine private income, personal income, personal disposable income, National disposable income (net and gross) and their [...]
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Introduction to Macroeconomics and its Concepts – CBSE Notes for Class 12 Macro Economics Introduction And Structure Of MacroEconomics: 1. Macroeconomics is the part of economic theory that studies the economy as a whole, such as national income, aggregate employment, general price level, aggregate consumption, aggregate investment, etc. Its main instruments are aggregate demand and [...]