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Match the LIST-I with LIST-II

LIST-ILIST-II
A. Excess DemandI. Factors of production; willing to work but not able to get the work.
B. Voluntary unemploymentII. It leads to a decline in prices in the long run.
C. Deficient DemandIII. It leads to a rise in prices in the long run.
D. Under employmentIV. Factors of production are able but not willing to work.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Excess demand causes a rise in prices in the long run (III). Voluntary unemployment means factors are able but not willing to work (IV). Deficient demand leads to a decline in prices in the long run (II). Underemployment or involuntary unemployment means factors are willing to work but unable to get work (I). Hence A-III, B-IV, C-II, D-I.

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