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Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsDetermination of Income and Employment1 Mark
Question
Name the situation under which aggregate demand exceeds aggregate supply at the full employment level.
  1. Excess demand.
  2. Excess supply.
  3. Deflationary gap.
  4. None of them.
✓

Answer

  1. Excess demand.

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