Question : __________________ refers to the situation in aggregate demand is less than the aggregate supply in the economy.
Option 1: Excess demand
Option 2: Deficient supply
Option 3: Deficient demand
Option 4: Excess demand
Answer (1)
22nd Jan, 2024
Correct Answer:
Deficient demand
Solution : Deficient demand refers to the situation in aggregate demand is less than the aggregate supply in the economy.
Hence, Option C is correct.
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