explain inflationary and deflationary gap briefly?
suitable ans will be marked as brainliest
Answers
Answered by
1
Answer:
Excess demand or inflationary gap is the excess of aggregate demand over and above its level required to maintain full employment equilibrium in the economy. Deficient demand or deflationary gap refers to the situation when aggregate demand is short of aggregate supply corresponding.
Answered by
1
Answer:
Excess demand or inflationary gap is the excess of aggregate demand over and above its level required to maintain full employment equilibrium in the economy. Deficient demand or deflationary gap refers to the situation when aggregate demand is short of aggregate supply corresponding.
Similar questions