Economics · Macroeconomics
According to John Maynard Keynes, the inflationary gap in an economy is primarily caused by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1a deficiency of aggregate supply.
- 2a deficiency of aggregate demand.
- 3the presence of excess aggregate demand over full-employment supply.✓
- 4a rapid increase in structural unemployment.
Correct answer
the presence of excess aggregate demand over full-employment supply.
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