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There is plenty of spare capacity.
"We have plenty of spare capacity".
One simplistic measure of spare capacity is unemployment.
Consequently, the amount of spare capacity in the UK economy continues to shrink.
The economy has tanked over the past 18 months leaving oodles of spare capacity.
And David Miles says he believes there is still a "significant degree" of spare capacity.
Another is that utilities in many states have plenty of spare capacity.
A global shock has hit most industries, and there is plenty of spare capacity.
Mr Carney reckons previous estimates of spare capacity were too low.
But this margin of spare capacity dwindled to historically low levels last year.
Nations have to build lots of spare capacity for windless days.
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