The inflationary gap is the
A) inflation rate that will occur from excess aggregate demand.
B) budget deficit that caused the inflation to occur.
C) distance between the equilibrium level of output and the full employment level of output.
D) gap between expected and actual inflation.
Correct Answer:
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Q115: When the expenditure level is above the
Q116: The economy will reach equilibrium in a
Q117: Keynes focused on problems of
A)hyperinflation.
B)budget deficits.
C)trade deficits.
D)unemployment
Q118: One of the main conclusions of Keynes
Q119: If the expenditure schedule must be shifted
Q121: According to Baumol and Blinder, from the
Q122: A level of GDP cannot be at
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