Which of the following best describes the 'Inflationary Gap'?
An inflationary gap is a macroeconomic concept that describes the difference between the current level of real GDP and the anticipated GDP that would be experienced when an economy is at full employment, also referred to as the potential GDP.
For the gap to be considered inflationary, the current real GDP must be the higher of the two metrics.
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Which Himalayan plant species has become vulnerable due to overexploitation?
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