According to Keynes, inflationary gap is caused by

CA Foundation · Business Economics · RTP · May 2025
According to Keynes, inflationary gap is caused by
(A) A. excess supply
(B) B. excess demand
(C) C. deficiency of demand
(D) D. deficiency of supply

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. excess demand

Topics: Determination of National Income

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