Determination Of Income And Employment

Question

Between excess demand and deficient demand which is better and why?

Solution

Infact both are undesirable (or evils) as both bring instability in the economy. Yet excess demand is comparatively lesser evil as deficient demand causes serious economic consequences.

Some More Questions From Determination of Income and Employment Chapter

What do you understand by aggregate demand (AD)?

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Determination Of Income And Employment

Between excess demand and deficient demand which is better and why?

Some More Questions From Determination of Income and Employment Chapter

What do you understand by aggregate demand (AD)?

Explain the meaning of aggregate supply (AS).

Calculate consumption level for Y = र 1000 crores if consumption function is C = 300 + 0.5Y.

State relationship between income and consumption.

What is Breakeven point?

What are the types of Propensity to consume?

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