An Inflationary Gap Will Exist When

question 190

Multiple Choice

An inflationary gap will exist when

• A)aggregate demand grows more slowly than aggregate supply.
• B)there is downward pressure on prices.
• C)expenditures are not equal to aggregate demand.
• D)equilibrium GDP is greater than full employment GDP.

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Natural Resource Problem

Issues arising from the overuse, misuse, or depletion of natural resources, often leading to environmental and ecological harm.

Developing Countries

Nations with lower levels of industrialization, lower standards of living, and, generally, lower Human Development Index scores than developed countries.

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The process by which a nation improves the economic, political, and social well-being of its people, typically through increasing levels of income, education, and health.

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