Question: 1100-1200 words please!!! Section C-Long answer question (ONE compulsory question) Marks) (Total 20 Question: Underwriting decides the future of an insurance company. Write a descriptive

1100-1200 words please!!! 1100-1200 words please!!! Section C-Long answer question (ONE compulsory question) Marks) (Total

Section C-Long answer question (ONE compulsory question) Marks) (Total 20 Question: Underwriting decides the future of an insurance company. Write a descriptive note on Underwriting

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b. An increase in aggregate supply, with no change in aggregate demand (assume that prices and wages are flexible upward and downward).

c. Equal increases in aggregate demand and aggregate supply.

6. Other things equal, what effect will each of the following have on the equilibrium price level and level of real output? LO3