Question : Which of the following is the reason of excess demand?
Option 1: Rise in the prosperity to consume
Option 2: Reduction in taxes
Option 3: Rise in imports
Option 4: Both A and B.
Answer (1)
23rd Jan, 2024
Correct Answer: Both A and B.
Solution : Following are the reasons of excess demand-
- Rise in the prosperity to consume
- Reduction in taxes
- Increase in government expenditure
- Increase in investment
- Fall in imports
- Rise in exports
- Deficit financing
Hence Option D is correct.
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