Multiple Choice
Which of the following defines an inflationary gap?
A) The amount by which withdrawals exceed injections at the full- employment level of national income
B) The amount by which equilibrium national income exceeds the full- employment level
C) The amount by which national income exceeds national expenditure at the full- employment level of national income
D) The amount by which national expenditure exceeds national income at the full- employment level of national income
Correct Answer:
Verified
Correct Answer:
Verified
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