__________refers to the situation when aggregate supply falls short of aggregate demand corresponding to full employment level of ouput in economy.(a) Deficient demand(b) Excess demand(c) Inflationary gap(d) Deflationary gap

__________refers to the situation when aggregate supply falls short of

1.	__________refers to the situation when aggregate supply falls short of aggregate demand corresponding to full employment level of ouput in economy.(a) Deficient demand(b) Excess demand(c) Inflationary gap(d) Deflationary gap
Answer» Excess demand refers to the situation when aggregate supply falls short of aggregate demand corresponding to full employment level of ouput in economy.

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__________refers to the situation when aggregate supply falls short of aggregate demand corresponding to full employment level of ouput in economy.(a) Deficient demand(b) Excess demand(c) Inflationary gap(d) Deflationary gap

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