Introduction to Economics 2 Deneme Sınavı Sorusu #349555

If the full employment and actual level of income are shown by YF and Y1, respectively in the chart, which of the following describes the situation of the economy?


Inflationary

 

Disinflationary

 

Deflationary

 

Stagflationary

Hiperinflationary


Yanıt Açıklaması:

Since the value of planned aggregate expenditures are greater than the value of actual production, this economy encounters with an inflationary pressure at the current income level.

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