what is ment by inflationary gap ?
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An inflationary gap is a macroeconomic concept that describes the difference between the current level of real gross domestic product (GDP) and the anticipated GDP that would be experienced if an economy is at full employment, also referred to as the potential GDP.
mukesh421:
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in simple words , rising the cost of goods over a particular period of time is called as inflation
if there is no inflation in a particular area for a gap of time then it is called inflation gap
if there is no inflation in a particular area for a gap of time then it is called inflation gap
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i am not satisfied with you because in any particular product have high demand and less supply the gap between demand and supply its called inflationary gap .
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