In Keynesian economics an inflationary gap results if-08974
In Keynesian economics, an inflationary gap results if:
This multiple choice question (MCQ) is related to the book/course vu eco401 Economics. It can also be found in vu eco401 Mid Term - Quiz No.3.
In Keynesian economics, an inflationary gap results if:
Aggregate expenditures are less than aggregate production.
Aggregate expenditures are greater than aggregate production.
Aggregate expenditures are equal to aggregate production.
There are no changes in inventories.