The situation in which the equilibrium level of output is less than full employment of output, is called as: Option 1: Excess Demand Option 2: Deficient Demand Option 3: Ex ante demand Option 4: Ex post Demand

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

CUET Economics - The situation in which the equilibrium level of output is less than full employment of output, is called as: | PYQs + Solutions

CUET Economics 2026 21st May Shift 2

Macro

Easy

Excess Demand

Deficient Demand

Ex ante demand

Ex post Demand

✅ Correct Option: 2