Question : ___________________ causes the general price level to fall due to lack of demand for goods and services in the economy.
Option 1: Excess demand
Option 2: Deficient demand
Option 3: Excess supply
Option 4: Deficient demand
Answer (1)
24th Jan, 2024
Correct Answer:
Deficient demand
Solution :
Deficient demand causes the general price level to fall due to lack of demand for goods and services in the economy.
Hence, Option B is correct.
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