Economics · Income and Employment Determination
A situation where aggregate demand is less than aggregate supply at the full employment level is termed as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Inflationary gap
- 2Excess demand
- 3Deficient demand✓
- 4Stagflation
Correct answer
Deficient demand
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Income and Employment Determination MCQs →Want more practice questions on Income and Employment Determination?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Income and Employment Determination