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A deflationary gap, also known as a recessionary gap or negative output gap, occurs when an economy's actual output is below its potential output, indicating that there is insufficient aggregate demand to fully utilize all available resources and achieve full employment. This situation leads to lower prices and potentially higher unemployment.

A passionate advocate for self-rule, she became one of the leading figures in the Indian independence movement.

Her campaign and the pressure of public opinion contributed to the enactment of the Montagu-Chelmsford proposals by the British Parliament.

World War II left the British exhausted, and that, coupled with the rise of nationalism in India, a strong desire for self-rule, and an effective, nonviolent resistance movement led by Mahatma Gandhi, spelled the end of the colonial period. As was often the case elsewhere when the colonial period came to an end, violence ensued. Many of India’s

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Annie Besant’s contributions to education were profound. In 1898, she founded the Central Hindu College in Benares (now Varanasi)

The idea of a general amnesty eventually became official policy, and was proclaimed in Queen Victoria’s name on 1 November 1858. At the same time, in the Act for the Better Government of India, the British Crown finally assumed all governmental responsibilities held by the East India Company, and its 24,000-man military force was incorporated into

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In September 1916, Annie Besant along with Bal Gangadhar Tilak established the All-India Home Rule League to promote the idea of “Home Rule,” similar to the self-government enjoyed by Ireland. This became a powerful platform for advocating Indian self-governance.

An inflationary gap occurs when an economy's actual production (real GDP) exceeds its potential production (full-employment GDP), indicating excessive demand and leading to price increases.

This excess demand causes businesses to raise prices, resulting in demand-pull inflation.

Essentially, the economy is operating above its capacity, leading to a... See more

India's political news after World War I was driven largely by Gandhi, whom the poet Rabindranath Tagore had christened "Mahatma," the Great One. Since leaving South Africa, Gandhi had become, through his various campaigns for swaraj, or self-rule—independence from Britain—a household name in India. Gujaratis took inordinate pride in seeing one of

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