Economics WAEC

Below equilibrium, the gap between aggregate demand and the full employment level of income is called the?
Below equilibrium, the gap between aggregate demand and the full employment level of income is called the?Below equilibrium, the gap between aggregate demand and the full employment level of income is called the?

A. inflationary gap
B. income gap
C. unemployment gap
D. deflationary gap

Correct Answer:

Option A – inflationary gap

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5 years ago

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