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Q: The situation where the equilibrium level of real GDP falls short of potential GDP is known as... | CDS I 2021 PYQ | UPSCGPT
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CDS I 2021
Question #111
National Income & Growth
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The situation where the equilibrium level of real GDP falls short of potential GDP is known as
A
Recessionary gap
B
inflationary gap
C
Demand-side inflation
D
Supply-side inflation
Pick an option above to test your answer
Reveal Answer ⌄
Subject:
Economy
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