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What is 'Excess Demand' in Macroeconomics? - Economics

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प्रश्न

What is 'excess demand' in macroeconomics?

उत्तर १

Excess demand is a situation where the aggregate expenditure exceeds the equilibrium level of expenditure.

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उत्तर २

In macroeconomics, excess demand is a situation where the aggregate demand for output is more than the full employment level of output.

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