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Differentiate between an inflationary gap and the deflationary gap

Differentiate between an inflationary gap and the deflationary gap

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Dana
Inflationary gap is the amount by which the aggregate demand rises above the level necessary for full employment in the economy while deflationary gap is the amount by which demand falls short of the level necessary for full employment in the economy

Dana05 answered the question on July 18, 2019 at 20:04

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