Excess demand gives rise to -

CA Foundation · Business Economics · MTP · June 2024
Excess demand gives rise to -
(A) A. Recessionary gap
(B) B. Inflationary gap
(C) C. Contractionary gap
(D) D. A and c both

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Inflationary gap

Topics: Indian Economy

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