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Distinguish between inflationary gap and deflationary gap. Can deflationary gap exist at equilibrium level of income? from Economics Determination of Income and Employment Class 12 CBSE
Suppose an economy has an inflationary gap. a. Illustrate this using a graph with LRAS, SRAS, and AD curves. Identify the equilibrium price level, real GDP, and the output gap in your
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Inflationary gap & Deflationary gap https://www.youtube.com/channel/UC6l192YKVDQKDImj3UpALTA - YouTube
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Explain a concept of deflationary gap with the help of a diagram.orDraw a diagram showing deflationary gap. from Economics Determination of Income and Employment Class 12 Goa Board
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