EduFarming
Your list · 0हिं

Type at least two letters. Press Esc to close.

↑↓ navigate↵ openTAB cycle filter

Excess & Deficient Demand · Question 19 of 53

Question 19

MediumOriginal question

Full-employment output is ₹1,000 crore and aggregate demand at that output is ₹1,050 crore. There is

Options for question 19

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. AD exceeds full-employment output by 1,050 − 1,000 = ₹50 crore: an inflationary gap.

Concept
Identifying the gap
Typical time
70 s
Your time
—
The rule this testsExcess demand and the inflationary gap
Practise this chapter →

Ten questions from Excess & Deficient Demand, at your own pace.

Practise this chapter →

Ten questions from Excess & Deficient Demand, at your own pace.

Practise this chapterAll 53 questions in Excess & Deficient DemandRevise the notes for Excess & Deficient Demand