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What is inflationary gap? - Economics

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Question

What is inflationary gap?

Very Short Answer
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Solution

The inflationary gap refers to “the excess of anticipated expenditure over the available output at base prices.”

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Chapter 22: Problems of Deficient Demand and Excesss Demand - TEST QUESTIONS [Page 22.11]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 22 Problems of Deficient Demand and Excesss Demand
TEST QUESTIONS | Q A. 6. | Page 22.11
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