JAMB Economics 2011 Objective — Question 36

Question 36 of 49 from the Joint Admissions and Matriculation Board (JAMB) Economics 2011 Objective paper, with the correct answer and a full explanation.

The deflationary gap is defined by

A. A. KCorrect
B. B. X+K
C. C. X-K
D. D. X

Explanation

The range over which output exceeds the aggregate demand is shown by K, which is called the deflationary gap.

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