What is inflationary gap? Select one: When aggregate expenditures are greater than the full employment level causing a demand pull-inflation When aggregate expenditures are greater than full employment level causing cost push inflation None of the options are correct It is the gap between a developed nation GDP and an under-developed/ developing nation GDP When aggregate expenditures are inadequate to bring about a full employment level

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A: Unemployment rate is sum of structural unemployment rate, frictional unemployment rate and cyclical…

Q: real

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Q: Frictional unemployment may exist under full employment level.  True/False

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Q: Justify the statement. TRUE/FALSE Nominal GDP adjusts for the inflation.

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Q: omestic Produc

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