Inflationary Gaps Are Typically Associated with

Multiple Choice

Inflationary gaps are typically associated with

A) excess supply of factors and lower- than- normal factor- utilization rates.
B) excess supply of factors and normal factor- utilization rates.
C) excess demand for factors and lower- than- normal factor- utilization rates.
D) excess demand for factors and higher- than normal factor- utilization rates.
E) excess supply of factors and higher- than- normal factor- utilization rates.