If the equilibrium level of output is more than the full-employment level, then this situation is called: Option 1: Deficient demand. Option 2: Autonomous demand. Option 3: Continued demand. Option 4: Excess demand.

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

CUET Economics - If the equilibrium level of output is more than the full-employment level, then this situation is called: | PYQs + Solutions

CUET Economics 2026 20th May Shift 1

Macro

Easy

Deficient demand.

Autonomous demand.

Continued demand.

Excess demand.

✅ Correct Option: 4