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Which of the Following Defines an Inflationary Gap

Question 58

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

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