Get premium membership and access questions with answers, video lessons as well as revision papers.

Differentiate between an inflationary gap and the deflationary gap

      

Differentiate between an inflationary gap and the deflationary gap

  

Answers


Dana
Inflationary gap is the amount by which the aggregate demand rises above the level necessary for full employment in the economy while deflationary gap is the amount by which demand falls short of the level necessary for full employment in the economy

Dana05 answered the question on July 18, 2019 at 20:04


Next: Describe the paradox of thrift
Previous: What are the assumption made in the Euler's column theory?

View More Economics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions