Inflationary gap
Revision as of 07:51, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Inflationary gap is the gap between real GDP and potential GDP, when the level of output is above the level of potential GDP. ==Definition== According to Principles of...")
Inflationary gap is the gap between real GDP and potential GDP, when the level of output is above the level of potential GDP.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Inflationary gap. The gap between real GDP and potential GDP, when the level of output is above the level of potential GDP.
