A-LevelEconomicsThe macroeconomy9708/31 · Oct/Nov 2018 · Q271 Mark
When will an inflationary gap exist in an economy? A when aggregate demand is greater than full employment income B when leakages exceed injections at the full employment income C when money wage rises exceed rises in labour productivity D when the money supply rises faster than nominal national income
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2018). The mark or mark type is shown in brackets.
- [1] Choice A is correct
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