Tag: concept of excess demand and deficient demand
Questions Related to concept of excess demand and deficient demand
Deficiency in demand has no effect on the country's output and prices.
Increase in margin requirements helps to control the situation of deficient demand.
When aggregate demand is greater than aggregate supply, inventories:
Aggregate demand in an economy is measured in terms of the total expenditure on goods and services.
_______________ is the minimum amount of money, which all the entrepreneurs in the economy must receive from the sale of output produced by them, at any given level of employment.
Aggregate demand function represents a ________ relationship between the level of output and employment and the aggregate demand price.
Aggregate demand function is represented by a downward sloping curve.
Aggregate supply curve becomes a ____________, after the full employment level has been achieved in the economy.
The aggregate demand curve intercepts on the _________.
_____________ refers to what the households and firms are expected to spend on the purchase of different goods and services in the economy.