inflationary gap

noun

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

Example Sentences

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

From Washington Post

But proponents of enforced savings argued that even the sale of $6 billion in war bonds in the remainder of the year would not close the conservatively estimated $17 billion inflationary gap.

From Time Magazine Archive

Economists call this the inflationary gap; to Jimmy Byrnes it must seem less a gap than a yawning and terrible crevasse.

From Time Magazine Archive

By midsummer, thinks Defense Mobilizer Charles Wilson, all that money jingling in U.S. jeans and a reduced supply of consumer goods' will create a $10 to $20 billion "inflationary gap."

From Time Magazine Archive

Now comes Henry Morgenthau, to heap additional taxes on top of taxes that have been rising steadily, to close an inflationary gap that indecision has already let almost out of hand.

From Time Magazine Archive