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Q)Which of the following defines inflationary gap? Anonymous | UPSC PRELIMS MCQs

Q)Which of the following defines inflationary gap?
Anonymous Quiz
39%
When the potential GDP is higher than the real GDP, the gap is referred to as a inflationary gap
35%
The real GDP exceeding the potential GDP, resulting in an inflationary gap.
21%
It is the difference between inflation and deflation.
5%
None
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