U . S . average hourly wages have risen in recent months, putting more money in the pockets of consumers, increasing effective demand and pushing up prices.
22.
He added that a lack of " effective demand " and a " low level of investment " were at the root of the decline in employment.
23.
Nurkse emphasised that Keynesian theory shouldn't be applied to underdeveloped countries because they don't face a lack of effective demand in the way that developed countries do.
24.
Effective Demand in a Developing Economy : Approaches and Issues, in Mihir Rakshit ( ed . ), " Studies in the Macroeconomics of Developing Countries " ( OUP, 1989)
25.
Effective demand which is the quantity of a good or service that consumers are actually buying at the current market price, is the main for propelling the growth process.
26.
Unemployment and idle resources are, for Keynes, caused by a lack of effective demand; for Hayek, they stem from a previous, unsustainable episode of easy money and artificially low interest rates.
27.
This is done via the concepts of effective demand, price-setting, quantity-taking fix-price supply behavior and the ineffectiveness of nominal wage and price adjustments as a means of remedying aggregate demand deficiencies.
28.
According to the sectoral balances framework, budget surpluses remove net savings; in a time of high effective demand, this may lead to a private sector reliance on credit to finance consumption patterns.
29.
In the 1960s Robert Clower and Axel Leijonhufvud did further work on effective demand, and in the 1970s Robert Barro and Herschel Grossman published a well-known model of spillover effects upon effective demand.
30.
In the 1960s Robert Clower and Axel Leijonhufvud did further work on effective demand, and in the 1970s Robert Barro and Herschel Grossman published a well-known model of spillover effects upon effective demand.
