单词 | inflationary gap |
释义 | inflationary gapDefinition A description of a condition that arises in an economy of the difference between a country's real gross domestic product (GDP) and the level of GDP with full employment in the economy. The inflationary gap is so named because a rise in the level of an economy's GDP will cause an increase in consumption leading to higher prices. Use 'inflationary gap' in a SentenceYou need to understand how the inflationary gap will work and try to find any ways to use it to your advantage. The inflationary gap was mentioned in the meeting as we were expecting an increase in employment so we could bridge the gap soon. When measuring the state of a nation's economy, investors cannot forget to take the inflationary gap into consideration before determining where best to place their funds. |
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