![What is meant by a deflationary gap? What is meant by a deflationary gap?](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
What is meant by a deflationary gap?
A deflationary gap is a situation where aggregate supply exceeds aggregate demand at full employment level. It is called deflationary because it leads to a fall in the price level.
CATEGORIES Economics
TAGS Dr. Bbosa Science