Actual aggregate demand's gap from that needed to achieve full employment equilibrium is referred to as: Option 1: Surplus supply Option 2: Deflationary gap Option 3: Inflationary gap Option 4: Excess supply

The answer is 'Deflationary gap'. View full solution:

CUET Economics - Actual aggregate demand's gap from that needed to achieve full employment equilibrium is referred to as: | PYQs + Solutions

CUET Economics

Macro

Easy

Surplus supply

Deflationary gap

Inflationary gap

Excess supply

✅ Correct Option: 2

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Match List - I with List - II.

	List - I		List - II
(A)	Marginal Propensity to Save	(I)	$\frac{\Delta Y}{\Delta I}$
(B)	Average Propensity to Consume	(II)	$\frac{\Delta S}{\Delta Y}$
(C)	Value of Investment Multiplier	(III)	1 - APS
(D)	Marginal Propensity to Consume	(IV)	$\frac{\Delta C}{\Delta Y}$

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