Inflationary GDP is the amount by which equilibrium real GDP falls short of the full employment level of GDP.

Name: Inflationary GDP is the amount by which equilibrium real GDP falls short of the full employment level of GDP.
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Inflationary GDP is not a commonly used term in economics. The concept of a full employment level of GDP is used, but it refers to the level of GDP at which the economy is producing at its potential and unemployment is at its natural rate, not to a shortfall in equilibrium GDP.

Inflationary GDP Is the Amount by Which Equilibrium Real GDP