Inflationary gap

What is Inflationary gap?

Inflationary gap definition and meaning on Dictionary terms:
verb (used with object)
to modulate (the voice).
Grammar. to apply inflection to (a word). to recite or display all or a distinct set of the inflections of (a word); decline or conjugate.

to bend; turn from a direct line or course.
Botany. to bend in.

verb (used without object)
Grammar. to be characterized by inflection.