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If income equilibrium level in the economy is determined at the level before full employment, it is known as the state of ______ -

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Question

If income equilibrium level in the economy is determined at the level before full employment, it is known as the state of ______ 

Options

  • Deficit Demand

  • Surplus Demand

  • Partial Demand

  • None of these

MCQ
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Solution

If the income equilibrium level in the economy is determined at the level before full employment, it is known as the state of Deficit Demand.

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