Question : It refers to a situation when demand is equal to aggregate supply beyond the full employment level. It occurs after the full employment level.
Option 1: Full employment equilibrium
Option 2: Underemployment equilibrium
Option 3: Over full employment equilibrium
Option 4: None of the above.
Answer (1)
10th Jan, 2024
Correct Answer:
Over full employment equilibrium
Solution :
Over full employment equilibrium refers to a situation when demand is equal to aggregate supply beyond the full employment level. It occurs after the full employment level.
Hence, Option C is correct.
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