CUET Economics - The equilibrium level of output may be more or less than the full employment level of output. If it is less than the full employment of output, it is due to the fact that demand is not enough to employ all factors of production. This situation is called ...... | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Macro

Medium

Deficient supply.

Excess demand.

Deficient demand.

Deficient factors of production.

✅ Correct Option: 3

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CUET Economics 2025 27 May Shift 2 PYQs

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