With reference to the situation of Deflationary Gap, which of the following statements is/are correct? 1. The shortfall in total spending of the government over the national income creates deflationary gaps in the economy. 2. This is a situation of producing more than the demand and the economy usually heads for a general slowdown in the level of demand. Select the correct answer using the codes given below: - Study24x7
Social learning Network

Login

New to Study24X7 ?

 Join Now
983 followers study24x7 08 Feb 2021 02:08 PM study24x7 study24x7

With reference to the situation of Deflationary Gap, which of the following statements is/are correct? 1. The shortfall in total spending of the government over the national income creates deflationary gaps in the economy. 2. This is a situation of producing more than the demand...

See more

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

study24x7
Write a comment
Related Questions
500+   more Questions to answer
Most Related Articles