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Posted by Disha Sharma 3 years, 7 months ago (12304735)
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Preeti Dabral 3 years ago (2983787)
Excess of aggregate demand (AD) over aggregate supply (AS) will lead to inflationary gap only when AD is more than AS corresponding to full employment level of output. If AD Is more than AS before that level, then it will not lead to inflationary gap.
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Disha Sharma 3 years, 11 months ago (12304735)
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