Inflationary gap said to exist when

Related MCQs

• According to Keynes, inflationary gap is caused by
• Government may pursue inflationary monetary policies
• When aggregate economic activity is increasing, the economy is said to be in
• When aggregate economic activity is declining, the economy is said to be in
• “Inflation is a state in which the value of money is falling i.e., prices are rising”.Who said this?