Deflationary gap is defined as the amount by which actual aggregate demand falls short of the aggregate demand required to achieve full employment equilibrium.
Actual aggregate demand's gap from that needed to achieve full employment equilibrium is referred to as:
CUET UG 2022 — Economics Macro
2022mcqeasy
Actual aggregate demand's gap from that needed to achieve full employment equilibrium is referred to as:
Official previous-year question
Verified 13 Jul 2026.
Options
- A
Surplus supply
- B
Deflationary gap
- C
Inflationary gap
- D
Excess supply
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