Problem of Deficient Demand and Excess Demand Notes | CBSE Class 12 Macroeconomics
CBSE Class 12 Macroeconomics Chapter 8: The Problem of Deficient and Excess Demand Notes covers all of the vital issues of deficient and excess demand, outlining their causes, repercussions, and management remedies. Understanding these principles helps you understand how economies work and how different policies may be used to address various economic issues. As you study for exams or simply want to grasp the broader economic landscape, keep these concepts in mind and think about how real-world policies match with the theories stated.
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Key Takeaways
- Full Employment Equilibrium and Underemployment Equilibrium
- Deficient Demand-A Situation of Underemployment Equilibrium
- Deflationary Gap and its Measurement
- Causes and Consequences of Deficient Demand (or Deflationary Gap)
- Excess Demand
- Inflationary Gap and its Measurement
- Causes and Consequences of Excess Demand (or Inflationary Gap)
- Measures to Correct Deficient and Excess Demand
CBSE Class 12 Macroeconomics Problem of Deficient Demand and Excess Demand Notes PDF Download
The goal of the Macroeconomics Chapter 8 Problem of Deficient Demand and Excess Demand Notes PDF is to aid students in their exam preparation and help them ace it. Notes are available for students to download for free in PDF format.
Click here to Download CBSE Class 12 Macroeconomics Chapter 8 Problem of Deficient Demand and Excess Demand Notes PDF
Also Download Free – CBSE Class 12 IED Chapter 8 COMPARATIVE DEVELOPMENT EXPERIENCES OF INDIA AND ITS NEIGHBOURS Notes PDF
FAQ
1. What is deficient demand?
Deficient demand occurs when the total demand for goods and services in an economy is less than the total supply. This situation can lead to lower economic growth, increased unemployment, and unused capacity in the economy. Essentially, it means there is not enough demand to fully utilize all the resources available.
2. What is excess demand?
Excess demand occurs when the total demand for goods and services exceeds the total supply. This leads to inflation as the higher demand drives up prices due to the limited availability of goods and services.
3. Where Can I Find Additional Resources on Macroeconomics?
- Textbooks: Refer to your Class 12 Macroeconomics textbook for detailed explanations and examples.
- Educational Websites: Website like ours comerc.in or apps like CHK Commerce Classes, offer useful resources.
- Class Notes: Review your class notes and materials provided by your teacher for specific details related to your syllabus.
4. How should I prepare for exams using these notes?
- Review Regularly: Go over your notes frequently to reinforce your understanding.
- Practice Questions: Solve past exam papers and sample questions related to this Chapter.
- Teach Concepts: Explain the concepts to peers or family members to test your understanding.
- Make Summary Sheets: Create quick reference sheets for last-minute revisions.
For study material related to Economics Class 12, students can visit the CHK app or website.
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