Explain the meaning of underemployment equilibrium. Explain two measures by which full employment equilibrium can be reached.
Dear student,
Underemployment equilibrium means that equilibrium is achieved before the full employment level of equilibrium. This concept is learned under the topic of deflationary gap. You can go through the topic at our website following the below mentioned path:
Class 12- Economics- Macroeconomics- Income determination - Problem of deficit and excess demand
The measures to correct deficit demand are also available at our website.
Class 12- Economics- Macroeconomics- Income determination - Measures to correct deficit and excess demand
Underemployment equilibrium means that equilibrium is achieved before the full employment level of equilibrium. This concept is learned under the topic of deflationary gap. You can go through the topic at our website following the below mentioned path:
Class 12- Economics- Macroeconomics- Income determination - Problem of deficit and excess demand
The measures to correct deficit demand are also available at our website.
Class 12- Economics- Macroeconomics- Income determination - Measures to correct deficit and excess demand