Question : ________________ doesnot affect the level of output because economy is already at full employment level and there is no idle capacity in the economy.
Option 1: Excess demand
Option 2: Deficient demand
Option 3: Excess supply
Option 4: Deficient supply
Answer (1)
16th Jan, 2024
Correct Answer:
Excess demand
Solution :
Excess demand doesnot affect the level of output because economy is already at full employment level and there is no idle capacity in the economy.
Hence, Option A is correct.
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