…… is equal tothe difference between ‘AD beyond full employment’ and ‘AD at full employment’.
A. Recession
B. Inflationary gap
C. Deflationary gap
D. None of these
Answer:A
…… is equal tothe difference between ‘AD beyond full employment’ and ‘AD at full employment’.
A. Recession B. Inflationary gap C. Deflationary gap D. None of these