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in Economics by (70.1k points)

Inflationary Gap is a situation characterized by: 

(a) excess of Aggregate Demand over Aggregate Supply at the full employment level 

(b) gap between Galloping Inflation and Runaway Inflation 

(c) Inflation coupled with recession 

(d) Inflation that usually prevails in a developing country

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(a) excess of Aggregate Demand over Aggregate Supply at the full employment level

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