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Difference between Deficient Demand and Excess Demand

Deficient demand and excess demand can be distinguished from each other in the following manner. Deficient demand is a situation, which occurs due to excess of aggregate supply of output over the aggregate demand for output at the level of full employment.

By |2011-03-14T07:12:54+00:00March 14, 2011|Economics|Comments Off on Difference between Deficient Demand and Excess Demand
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