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Question
In case of underemployment equilibrium ______
Options
AS < AD
there is excess capacity in the economy.
resources are not fully utilised.
Both there is excess capacity in the economy and resources are not fully utilised.
MCQ
Fill in the Blanks
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Solution
In case of underemployment equilibrium there is excess capacity in the economy and resources are not fully utilised.
Explanation:
It's a condition in which unemployment is consistently higher than normal.
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