Question : Which of the following statement are true?
- During excess demand, aggregate demand is insufficient to eliminate in voluntary unemployment.
- To correct the inflationary gap money supply should be increased.
Option 1: Both are true.
Option 2: Both are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Answer (1)
25th Jan, 2024
Correct Answer:
Statement 1 is false, statement 2 is true.
Solution :
During deficient demand, aggregate demand is insufficient to eliminate in voluntary unemployment.
To correct the inflationary gap money supply should be increased.
Hence, Option D is correct.
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