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Question
Mark the right combinations from the items given in Column 1 and Column 2.
| Column 1 | Column 2 |
| (1) Inflationary gap | (a) AD < AS |
| (2) Deficient demand | (b) AD > AS |
| (3) Regulating interest rate and the availability of credit | (c) Fiscal policy |
| (4) Policy of taxation and public expenditure | (d) Monetary policy |
Match the Columns
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Solution
| Column 1 | Column 2 |
| (1) Inflationary gap | (b) AD > AS |
| (2) Deficient demand | (a) AD < AS |
| (3) Regulating interest rate and the availability of credit | (d) Monetary policy |
| (4) Policy of taxation and public expenditure | (c) Fiscal policy |
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