what is meant by inflationary situation?
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Heya ✌✌
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✨Inflationary gap thus describes disequilibrium situation. Inflationarygap is thus the result of excess demand. It may be defined as the excess of planned levels of expenditure over the available output at base prices. ... Thus, prices will remain stable since aggregate expenditure is equal to aggregate output.
✨Definition and Example of Inflation. Inflation is an economic term that refers to an environment of generally rising prices of goods and services within a particular economy. As general prices rise, the purchasing power of the consumer decreases. The measure of inflation over time is referred to as the inflation rate.
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Here is u r Ans ➡
✨Inflationary gap thus describes disequilibrium situation. Inflationarygap is thus the result of excess demand. It may be defined as the excess of planned levels of expenditure over the available output at base prices. ... Thus, prices will remain stable since aggregate expenditure is equal to aggregate output.
✨Definition and Example of Inflation. Inflation is an economic term that refers to an environment of generally rising prices of goods and services within a particular economy. As general prices rise, the purchasing power of the consumer decreases. The measure of inflation over time is referred to as the inflation rate.
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Hope This Helps u ☺.
shizuka66:
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In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. ... Low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities.
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