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British Dictionary definitions for inflationary gap

inflationary gap

noun
  1. the excess of total spending in an economy over the value, at current prices, of the output it can produce
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012