WorksheetsECONOMICS QUIZ
Total questions: 10
Worksheet time: 6mins
Deficient demand is a situation when....
AD>AS corresponding to full employment
AD=AS corresponding to full employment
AD<AS corresponding to full employment
None of these
Underemployment equilibrium occurs when
AD=AS corresponding to full employment
AD>AS corresponding to full employment
AD<AS corresponding to full employment
None of these
Deficient demand leads to ....
Voluntary unemployment
Structural unemployment
Frictional unemployment
Involuntary unemployment
During deficient demand ,MPS is low.
True
False
Can’t say
Which of the following statement/ statements is /are true in respect of deficient demand causes
increase in govt spending
Decrease in import
decrease in private investment expenditure
High tax rates
During deficient demand ...,
Employment will increase
Output will decrease
Price level will fall
None of these
When actual aggregate demand is less than the planned aggregate demand required to maintain full employment level than it is called
Inflationary gap
Deflationary gap
AD gap
None of these
During deficient demand private investment expenditure will......
Decrease
Increase
Same
None of these
Low equilibrium trap is a situation when
AD ↑ , PRODUCTION ↑ , Employment ↑, Income ↑ , and AD ↑
AD↓, Production ↑,Employment ↓ , Income↓, AD↓
AD↓, Production ↓, Employment ↓ , Income↓, AD↓
None of these
During the deficient demand , undesired stock affects in two ways which are ...
Loss of profits, rise in production ahead
Loss of profits , loss of production in present
Loss of profits At present and low production In future
None of these
