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Inflationary gap

Asked by Sharmashivangi2180 10th February 2019, 9:18 PM
Answered by Expert
Answer:
Excess demand occurs in a situation when aggregate demand is more than aggregate supply corresponding to full employment. It leads to reduction in inventories and inflation in the economy. This situation is considered an inflationary gap. 
Answered by Expert 11th February 2019, 9:12 AM
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