Inflationary Gap: Meaning, Elimination, Examples, Significance and Limitations | Economics
In this article we will discuss about:- 1. Meaning and Explanation of Inflationary Gap 2. Elimination of Inflationary Gap 3. Inflationary Gap and Inflation Rate 4. Significance 5. Limitations 6. Inflationary and Deflationary Gaps 7. Examples. Meaning and Explanation of Inflationary Gap: Keynes, in his pamphlet entitled How to pay for the War, 1940 explained inflation in terms of inflationary [...]