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What does X represent?

Economics
JAMB 2011

What does X represent?

  • A. recessionary gap
  • B. GNP gap
  • C. inflationary gap
  • D. deflationary gap
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Correct Answer: Option C
Explanation

Point X represents inflationary gap as seen in the diagram above.
Inflationary gap happens as a result of excess demand.


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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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