Economy, asked by Neerajkumar33, 3 months ago

distinguish between excess demand and deficient demand in tabular form ​

Answers

Answered by yadavanish6050
1

Answer:

Deficient demand refers to a situation when aggregate demand (AD) is less than the aggregate supply (AS) corresponding to full employment level of output in the economy whereas Excess demand refers to a situation in which aggregate demand is in excess of aggregate supply at full employment level in the economy.

Similar questions