Economy, asked by Pagalshayarnavi, 4 months ago

What do mean by Excess Demand? Write its consequences.

Answers

Answered by Anonymous

2

Answer:

Excess demand refers to the situation when aggregate demand (AD) is more than the aggregate supply (AS) corresponding to full employment level of output in the economy. It is the excess of anticipated expenditure over the value of full employment output. ADVERTISEMENTS: Excess demand gives rise to an inflationary gap.

Answered by Anonymous

3

Answer:

Excess demand refers to thesituation when aggregatedemand (AD) is more thanthe aggregate supply (AS) corresponding to full employment level of output inthe economy. It is the excessof anticipated expenditure over the value of full employment output. ADVERTISEMENTS: Excess demand gives rise to an inflationary gap.

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