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Explain the problem of deficient demand......????

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Explain the problem of deficient demand......????
  • 1 answers

Khushi Sharma 4 years, 11 months ago

Deficient demand refers to the situation when aggregate demand (AD) is less than the aggregate supply (AS) corresponding to full employment level of output in the economy. ... The situation of deficient demand arises when planned aggregate expenditure falls short of aggregate supply at the full employment level.
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