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Model Paper 1 — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsModel Paper 11 Mark
MCQ
Deficient demand leads to:
  • A
    low level of employment
  • B
    deflationary gap
  • C
    excess capacity
  • D
    all of these
✓

Answer

(d) all of these
Explanation: Deficient demand refers to the situation when aggregate demand (AD) is short of aggregate supply (AS) corresponding to full employment in an economy.

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