Question

what do u mean by deficient demand?​

Answer 1

Answer:

Deficient demand refers to the situation when aggregate demand is short of aggregate supply corresponding to full employment level in the economy. Aggregate supply being perfectly elastic, it converges with aggregate demand at a lower level of output lower than the full employment level of output in the economy.

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

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Deficient demand: When in an economy, aggregate demand falls short of aggregate supply at full employment level, the demand is said to be a deficient demand.

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