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  9. Q4
Question 4

The excess of aggregate expenditure over full employment level of output is referred to as

  • A.GNP gap
  • B.deflationary gap
  • C.recessionary gap
  • D.inflationary gap
Objective

Question details

Exam body
UNIPORT
Subject
Economics
Year
2006/2007
Question no.
#4
Type
Objective
Previous · Q3If there is an increase in demand without a corresponding increase in supply… Next · Q5 The price of a commodity is determined by the demand

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