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प्रश्न
Explain the concept of Deflationary Gap
Define deflationary gap.
उत्तर
Deficient demand means a situation when the aggregate demand is short of the aggregate supply corresponding to full employment in the economy. It leads to a fall in the general price level and results in deflation, i.e. AD < AS. This is the situation of the deflationary gap.
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संबंधित प्रश्न
What is aggregate supply?
State three measures to reduce inflationary gap.
Write explanatory answer:
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Aggregate Demand
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Explain the concept of deficient demand with the help of aggregate demand and aggregate supply curves. Discuss one physical and one monetary measure to correct it.
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State and discuss the components of Aggregate Demand in a two-sector economy.
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