Match the following:

The correct answer is Option 4: i-b, ii-d, iii- c, iv- a

(i-b) Excess demand means demand is more than supply. This leads to increase in price level meaning inflationary gap.
(ii-d) Deficient demand means demand is less than supply which gives rise to deflationary gap i.e. a fall in price level.
(iii-c) Higher the MPC, higher will be the value of multiplier. So, positive relation between MPC and multiplier value.
(iv-a) Higher the MPS, lower will be the value of multiplier. So, inverse relation between MPS and multiplier value.