If the equilibrium level of output is less than the full employment level, then it is a situation of: Option 1: Balanced demand Option 2: Deficient demand Option 3: Excess demand Option 4: Unemployment

The answer is 'Deficient demand'. View full solution:

CUET Economics - If the equilibrium level of output is less than the full employment level, then it is a situation of: | PYQs + Solutions

CUET Economics

Macro

Easy

Balanced demand

Deficient demand

Excess demand

Unemployment

✅ Correct Option: 2

Related questions:

16 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Average Propensity to Consume	(I) It is the savings per unit of income
(B) Marginal Propensity to Consume	(II) It is the consumption per unit of income
(C) Average Ppropensity to Save	(III) It is the change in savings per unit change in income
(D) Marginal Propensity to Save	(IV) It is the change in consumption per unit change in income.

Choose the correct answer from the options given below:

20 June Shift 1

The sum total of MPC and MPS is always equal to:

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) Marginal propensity to consume	(I) ΔS/ΔY
(B) Marginal propensity to save	(II) ΔC/ΔY
(C) Average propensity to consume	(III) S / Y
(D) Average propensity to save	(IV) C / Y

Choose the correct answer from the options given below: