A. excess supply over demand
B. increase in productivity
C. excessive demand with limited supply
D. increased government spending in a depressed economy
Correct Answer: Option C
C. excessive demand with limited supply
Explanation
Excessive demand with limited supply:- it causes a rise in prices and increases inequalities: Generally, excess demand results in inflation (continuous rise in prices) without an increase in output and employment. people will be will to pay high prices for a few goods. which is generally what inflation is about. a fall in the purchasing power of money as more money will be chasing few goods
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…