Economy, asked by dharmendraprajapatig, 6 months ago

what are the problem of excess demand and deficient demand

Answers

Answered by silvisharma

Answer:

The deficient demand causes deflation and under employment. The economy gets trapped in low income equilibrium.

Excess Demand:- The situation of an economy, when Aggregate Demand is more than the Aggregate Supply corresponding to full employment, it is termed as excess demand situation.

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what are the problem of excess demand and deficient demand​

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what are the problem of excess demand and deficient demand