Excess demand and deficient demant and its correction
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Some of the important measures used to control excess demand and deficient demand are as follows: 1. Change in Government Spending 2. Change in Availability of Credit.
The problems of excess demand and deficient demand occur when the current aggregate demand is more or less than the aggregate demand required for full employment equilibrium.
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These problems can be solved by bringing a change in the level of aggregate demand in the economy. There are number of measures to control excess and deficient demand.
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