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Chapters
1: Micro and Macro Economics - An Introduction
2: Demand and Law of Demand
3: Elasticity of Demand
4: Theory of Consumer's Behaviour : Cardinal Utility Analysis
5: Theory of Consumer's Behaviour : Indifference Curve Analysis
6: Supply and Law of Supply
7: Revenue Analysis
8: Cost Theory Analysis
9: Forms of Market
10: Concept of Production and Law of Returns
11: Equilibrium of Firm and Industry Under Perfect Competition
12: Producer's Equilibrium Under Perfect Competition
13: Price Output Under Perfect Competition
14: Price Output Determination Under Monopoly
15: Price Output Determination Under Monopolistic Competition and Oligopoly
Unit 2 : Theory of Income and Employment
16: Basic Concepts of Macro Economics
17: Aggregate Demand and Supply - Determinants of Equilibrium
18: Consumption Function {Propensity to Consume)
19: Concept of Investments-Types and Determinants
20: Multiplier - I : Static and Dynamic
21: Full Employment and Voluntary Unemployment
▶ 22: Problems of Deficient Demand and Excesss Demand
23: Measures to Correct Deficient and Excess Demand
Unit 3 : Money and Banking
24: Money - An Introduction
25: Bank and Commercial Bank
26: Central Bank
Unit 4 : International Trade
27: Balance of Payments
28: Foreign Exchange Rate
Unit 5 : Public Finance
29: Fiscal Policy
30: Budget
Unit 6 ; National Income
31: National Income and Circular Flow of Income
32: Concepts of National Income
33: Measurement of National Income
34: National Income and Economic Welfare
![R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 22 - Problems of Deficient Demand and Excesss Demand - Shaalaa.com](/images/economics-english-class-12-isc_6:0ec86a6424ae41d2b0d71f72fec46101.jpg "R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 22 - Problems of Deficient Demand and Excesss Demand")
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Solutions for Chapter 22: Problems of Deficient Demand and Excesss Demand
Below listed, you can find solutions for Chapter 22 of CISCE R. K. Lekhi and P. K. Dhar for Economics [English] Class 12 ISC.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 22 Problems of Deficient Demand and Excesss Demand TEST QUESTIONS [Pages 22.10 - 22.12]
SHORT ANSWER QUESTIONS
Give the meaning of full employment.
Give the meaning of underemployment equilibrium.
Define ‘deficient demand’.
Define deflationary gap?
State the factors upon which deficient demand on output employment and prices depends.
What is inflationary gap?
Who introduced the concept of inflationary gap?
What is ‘excess demand’?
State excess demand effects.
What is a deflationary gap?
How does excess of aggregate demand compared to aggregate supply affect the level of income?
Does output increase beyond full utilisation of resources?
Does price level always rise in a situation of increase in aggregate demand?
Does a situation of increasing aggregate demand (AD) imply a situation of excess demand?
Does ‘equilibrium beyond full employment’ imply a higher level of output compared to ‘full employment equilibrium’? Why?
Do free economies adapt themselves better to a situation of deficient demand? Why?
LONG ANSWER QUESTIONS
What is meant by deficient demand?
Explain consequences of deficient demand.
What is ‘excess demand’?
Give consequences of excess demand.
Analyse the distinction between deficient demand and excess demand.
How does excess demand affect output, employment, and prices in an economy?
What is meant by inflationary gap?
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 22 Problems of Deficient Demand and Excesss Demand EXAMINATION CORNER [Page 22.12]
(Questions From Previous ISC Papers)
Explain the concept of deficient demand with the help of aggregate demand and aggregate supply curves. Discuss one physical and one monetary measure to correct it.
What is meant by inflationary gap?
Discuss two monetary measures to correct an inflationary gap.
Solutions for 22: Problems of Deficient Demand and Excesss Demand
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 22 - Problems of Deficient Demand and Excesss Demand
Shaalaa.com has the CISCE Mathematics Economics [English] Class 12 ISC CISCE solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. R. K. Lekhi and P. K. Dhar solutions for Mathematics Economics [English] Class 12 ISC CISCE 22 (Problems of Deficient Demand and Excesss Demand) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
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Concepts covered in Economics [English] Class 12 ISC chapter 22 Problems of Deficient Demand and Excesss Demand are Types of Employment Equilibrium, Deficient Demand, Excess Demand, Inflationary Gap, Difference between Deficient Demand and Excess Demand, Cyclical Fluctuations, Deflationary Gap.
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