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Question Practice

What happens when the equilibrium output is less than the full employment level?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
Determination Of Income And Employment
Question Bank

What happens when the equilibr...

Single Answer MCQ
Q-00089104

What happens when the equilibrium output is less than the full employment level?

1

Excess demand occurs

2

Deficient demand situation arises

3

Prices increase

4

All resources are fully employed

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