12-17-2004, 07:22 AM
question is abt inflationary and deflationary gaps
what is the measurment of these gaps?
like in terms of quantity demanded/supplied or in terms of national income??
if i were to assign a value to inflationary or deflationary gap what would be the unit??
options
1---gap=difference in "national income"
2---gap=difference in agg.demand
3---gap=difference in prices
what is the measurment of these gaps?
like in terms of quantity demanded/supplied or in terms of national income??
if i were to assign a value to inflationary or deflationary gap what would be the unit??
options
1---gap=difference in "national income"
2---gap=difference in agg.demand
3---gap=difference in prices
