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प्रश्न
Which of the following statements is not correct regarding Excess Demand?
विकल्प
Excess Demand raises the market value of output.
Excess Demand means Aggregate Demand is more than Aggregate Supply.
Excess Demand is caused due to reduction in the public expenditure.
Excess Demand is the result of decline in exports.
MCQ
उत्तर
Excess Demand is the result of decline in exports.
Explanation:
Excess demand occurs when demand for exports grows as a result of reduced domestic goods prices or a fall in the local currency exchange rate.
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