Economy, asked by samruddhipevekar06, 2 months ago

the output gap is defined as

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Answered by Anonymous

ᴛʜᴇ ᴏᴜᴛᴘᴜᴛ ɢᴀᴘ ɪs ᴀɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴍᴇᴀsᴜʀᴇ ᴏғ ᴛʜᴇ ᴅɪғғᴇʀᴇɴᴄᴇ ʙᴇᴛᴡᴇᴇɴ ᴛʜᴇ ᴀᴄᴛᴜᴀʟ ᴏᴜᴛᴘᴜᴛ ᴏғ ᴀɴ ᴇᴄᴏɴᴏᴍʏ ᴀɴᴅ ɪᴛs ᴘᴏᴛᴇɴᴛɪᴀʟ ᴏᴜᴛᴘᴜᴛ.
ᴀ ɴᴇɢᴀᴛɪᴠᴇ ᴏᴜᴛᴘᴜᴛ ɢᴀᴘ ᴏᴄᴄᴜʀs ᴡʜᴇɴ ᴀᴄᴛᴜᴀʟ ᴏᴜᴛᴘᴜᴛ ɪs ʟᴇss ᴛʜᴀɴ ᴡʜᴀᴛ ᴀɴ ᴇᴄᴏɴᴏᴍʏ ᴄᴏᴜʟᴅ ᴘʀᴏᴅᴜᴄᴇ ᴀᴛ ғᴜʟʟ ᴄᴀᴘᴀᴄɪᴛʏ.

Answered by fhfjjgjbkhi

hope it helps

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