Economy, asked by khushimasson9560, 6 months ago

Q8) Define inflationary gap? Show it using a well labelled diagram . Explain any

one fiscal and monetary measure to correct the situation of inflationary gap ( class 12 ( 3 marks each)​

Answers

Answered by vpradeepkumar2007
1

Explanation:

An inflationary gap is a macroeconomic concept that measures the difference between the current level of real GDP and the gross domestic product (GDP) that would exist if an economy was operating at full employment.

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