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Explain the meaning of inflationary gap and deflationary gap. Explain any one measure by which these gaps can be reduced.
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Distinguish between inflationary gap and deflationary gap. Can deflationary gap exist at equilibrium level of income? from Economics Determination of Income and Employment Class 12 Haryana Board - English Medium
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Inflationary and Deflationary gap [A Level]
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Inflationary Gap Refers to the Difference (Or Gap) Between the Actual Level of Aggregate Demand and the Full Employment Level of Demand that Arises Due to Excess Demand. this Gap Measur -
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