NextQ31

An economy may operate at a level below full employment due to a deficiency in Aggregate Demand (AD) leading to a/an ___________ employment equilibrium. (i) Full (ii) Over (iii) Under (Choose the correct option to fill in the blank)

Excess DemandStudy Simplify SpecialPYQ1MCQ
Question 30

Read the following statements : Assertion (A) and Reason (R). Choose the correct option from those given below : Assertion (A) : Government can control the situation of deficient demand through its taxation policy. Reason (R) : Reduction in tax rates by the government leads to increase in the disposable income of the people.

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Q. q30 — CBSE 12 Commerce Macro Economics — Study Simplify