Question

Give meaning of "Deficient Demand" in Macroeconomics.

Answer 1

when aggregate supply is more than aggregate demand it's called deficit demand

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Answer 2

Deficient Demand

Deficient demand means deficiency of AD. Demand is said to be deficient when it is lower than what is required for the fuller utilisation of resources. AD is deficient when it does not permit fuller utilisation of production capacity. AD is deficient when there is excess capacity in the economy.