Download App

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

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsDetermination of Income and Employment1 Mark
MCQ
Name the situation under which aggregate demand falls short of aggregate supply at full employment level.
  • A
    Excess demand.
  • ✓
    Excess supply.
  • C
    Inflationary gap.
  • D
    None of them.
✓

Answer

Correct option: B.
Excess supply.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Determination of Income and Employment→Determination of Income and Employment — all question types→Economics STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

What is the relationship between $\text{MPS}$ and Multiplier?
→
Net export is zero when:
→
Name the economic transactions which are undertaken to make equilibrium in balance of payment,
→
Budget is a:
→
$\ce{NVAC_{FC}}$ Equals:
→
Scholarship is an example of:
→
________ is equal to the difference between AD beyond full employment and AD at full employment.
→
Income method of measuring national income includes:
→
$........$ increases the liability of the government.
→
Sector which transforms one physical good into another physical good:
→