A inflationary gap occurs when GDP is below the full- employment level of GDP.
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Q126: Monetarists believe that inflation is caused by
Q127: In the quantity equation MV = PY,
Q128: Monetarists argue that M and V vary
Q129: Monetarists say that inflation is caused solely
Q130: In the quantity equation MV = PY,
Q132: If total injections are less than total
Q133: If there is a deflationary gap, then
Q134: Hyperinflation is a sustained increase in the
Q135: The Phillips curve shows a relationship between
Q136: Increases in aggregate supply, with no change
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