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denpristay [2]
4 years ago
13

"If the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP more than potential​ GDP, there i

s"
Social Studies
1 answer:
sp2606 [1]4 years ago
7 0

Answer: Inflationary Gap

Explanation:

Inflationary gap, which is also known as as expansionary gap, is a macroeconomic concept that gives the amount in which the actual gross domestic product exceeds anticipated GDP or aggregate supply at a level, which is expected to be potential full-employment GDP. In other word inflationary gap is the difference between economy's full employment real GDP and the actual gross domestic product

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