Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): Rise in aggregate demand and aggregate supply of goods and services raises national income. Reason (R): National income represents the value of aggregate production in monetary terms. In the light of the above statements, choose the correct option:

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Economics · National Income

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both A and R are true, but R is NOT the correct explanation of A

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Answer 1

Both A and R are true, but R is NOT the correct explanation of A

Answer 2

Both A and R are false

Answer 3

Both A and R are true and R is the correct explanation of A

Answer 4

A is true, but R is false

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