SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Economics A Level

» Start this Course
(Practice similar questions for free)
Question:

What, and where, is a Positive Output Gap?

Author: go kys



Answer:

-This [Inflationary Gap] is the Difference between again Actual Output and Trend Output - Actual is ABOVE -This happens during a Boom when the Economy is being Fully Uused, or Overused -This also can lead to Inflation increasing [Demand is Increasing]


0 / 5  (0 ratings)


-This [Inflationary Gap] is the Difference between again Actual Output and Trend Output - Actual is ABOVE
-This happens during a Boom when the Economy is being Fully Uused, or Overused 
-This also can lead to Inflation increasing [Demand is Increasing]
1 answer(s) in total

Author

go kys
go kys