![22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics 22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/7b62fdbf653dfcb85fd08b78b15b6275.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![Explain the concept of inflationary gap. Also explain the role of legal reserves in reducing it - CBSE Class 12 Economics - Learn CBSE Forum Explain the concept of inflationary gap. Also explain the role of legal reserves in reducing it - CBSE Class 12 Economics - Learn CBSE Forum](https://ask.learncbse.in/uploads/db3785/original/2X/c/ccd9d2a9bd9e9b827f7479f374ac788f9906c942.png)
Explain the concept of inflationary gap. Also explain the role of legal reserves in reducing it - CBSE Class 12 Economics - Learn CBSE Forum
![K-r-i-s-t-i-n в Twitter: "AD/AS Inflationary Gap The gap between the level of real GSP and potential output when real GDP is greater than potential, is called an inflationary gap.… https://t.co/dRKL1NKn9y" K-r-i-s-t-i-n в Twitter: "AD/AS Inflationary Gap The gap between the level of real GSP and potential output when real GDP is greater than potential, is called an inflationary gap.… https://t.co/dRKL1NKn9y"](https://pbs.twimg.com/media/DbyiLljVMAAL3WR.jpg)
K-r-i-s-t-i-n в Twitter: "AD/AS Inflationary Gap The gap between the level of real GSP and potential output when real GDP is greater than potential, is called an inflationary gap.… https://t.co/dRKL1NKn9y"
![Explain the meaning of inflationary gap with the help of a diagram - CBSE Class 12 Economics - Learn CBSE Forum Explain the meaning of inflationary gap with the help of a diagram - CBSE Class 12 Economics - Learn CBSE Forum](https://ask.learncbse.in/uploads/db3785/original/2X/8/8581c889d4c3e1af43c17fe06f3495567e019952.png)