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Does an excess of AD over AS always imply a situation of inflationary gap?

+1 vote

asked Jul 19, 2018 in Class 12 by kratos

Does an excess of AD over AS always imply a situation of inflationary gap?

isc
cbse
inflation
deficient demand
icse
class-12
currency
excess demand

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1 Answer

+5 votes

answered Apr 27, 2020 by kratos

Best answer

No. Inflationary gap occurs only when AD>AS corresponding to full employment level of employment.

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