-
A.
recessionary gap
-
B.
GNP gap
-
C.
inflationary gap
-
D.
deflationary gap
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.
Report an Error
Ask A Question
Download App
Quick Questions
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}