inflationary gap

British  

noun

1. the excess of total spending in an economy over the value, at current prices, of the output it can produce

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Example Sentences

In other words, the FOMC’s plans do not even call for keeping up with the rising inflationary gap.

From Washington Post • Mar. 17, 2022

President Roosevelt announced that he would present a new fiscal program to Congress before the summer recess� pointing out the danger of the "inflationary gap" and asking for new taxes.

From Time Magazine Archive

What, then, was all this talk that something had to be done to close an inflationary gap which Leon Henderson estimated at $17,000,000,000?

From Time Magazine Archive

All this was part of the Government's program for closing a bit of the inflationary gap by making people pay off their old debts before running up new ones.

From Time Magazine Archive

Thus, besides its own enormous domestic demand, the U.S. added $9.3 billion from foreign nations to its "inflationary gap."

From Time Magazine Archive