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From course:

Economics A Level (DONEEEEEEE)

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Question:

What, and where, is a Positive Output Gap?

Author: eric_galvao



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]


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-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]
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