With reference to the situation of Deflationary Gap, which of the following statements is/are correct? 1. The shortfall in total spending of the government over the national income creates deflationary gaps in the economy. 2. This is a situation of producing more than the demand and the economy usually heads for a general slowdown in the level of demand. Select the correct answer using the codes given below: - Study24x7
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With reference to the situation of Deflationary Gap, which of the following statements is/are correct? 1. The shortfall in total spending of the government over the national income creates deflationary gaps in the economy. 2. This is a situation of producing more than the demand...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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