Question : _________________ refers to the situation in aggregate demand is more than the aggregate supply.
Option 1: Excess supply
Option 2: Excess demand
Option 3: Unemployment
Option 4: Full employment
Answer (1)
20th Jan, 2024
Correct Answer:
Excess demand
Solution :
Excess demand refers to the situation in aggregate demand is more than the aggregate supply.
Hence, Option B is correct.
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