Example sentences of "in [adj] [noun sg] [vb mod] " in BNC.
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1 | A general fall in aggregate investment may lead to a rise in unemployment and so contribute to the phenomenon of ‘ stagflation ’ . |
2 | Changes in aggregate demand would evoke quantity changes and not price changes . |
3 | However , investment is required to augment productive capacity , and policies to eliminate excessive fluctuations in aggregate demand may provide the best environment for high investment expenditures . |
4 | Thus , in this model , even anticipated movements in aggregate demand may affect the level of output . |
5 | This might lead her to change her expectation of the average level of prices ; after all , if she is rational she must know that unpredictable movements in aggregate demand can occur and that one symptom of them is that the price in her island is higher than she was expecting the average to be . |
6 | Under rational expectations , movements in aggregate demand can affect real output if those movements are random because , faced with an unexpectedly high price for the good on her island , the typical supplier will at least partly infer that there has been some positive , relative demand shock on her island . |
7 | Thus in McCallum 's model unexpected fluctuations in aggregate demand can cause changes in real output even though they do not cause unexpected movements in prices . |
8 | In this model , as with others discussed in the remainder of this chapter , changes in aggregate demand can be said to have real output effects because of imperfect competition ( that is , price stickiness ) , whereas real effects of such changes discussed in the previous chapter arose because of imperfect information . |
9 | For , by definition , the systematic element in aggregate demand can be predicted at the end of period t - 1 and will be reflected purely in the prices firms set at the end of that period for the next period . |
10 | The typical expectation of the average level of prices will rise to P 2 and the shift in aggregate demand will have no effect on real output . |
11 | By a similar argument a random decrease in aggregate demand will cause the typical agent to find the price in her market lower than she was initially expecting ; she will partly ( mistakenly ) infer from this that her relative price is low and will supply less output . |
12 | Predictable , systematic changes in aggregate demand will affect prices but not output . |
13 | This reconciliation suggests that systematic movements in aggregate demand will have no effect on real variables such as output or employment . |
14 | And as we have seen , predicted changes in aggregate demand will have no effect on real output , or real economic activity — they will only affect prices . |
15 | Shifts in aggregate demand will affect real output if they are random and unpredictable . |
16 | The model developed so far suggests that only random movements in aggregate demand will cause real aggregate output to deviate from its natural or normal level . |
17 | So , in this case too , a random increase in aggregate demand will typically produce a ‘ strung out ’ response in aggregate output . |
18 | However , once we abandon the assumption that the capital stock can never be underutilized we are forced to recognize that the ‘ off stage ’ decline in aggregate demand will not only push workers off their ‘ ideal ’ labour supply function , L s : it will also push employers off their ‘ ideal ’ labour demand function , L d . |
19 | According to the labour supply function , changes in the employment of labour which flow from prior changes in aggregate demand will not call forth changes in money wages when the initial state is one of less than full employment . |
20 | Changes in aggregate demand will affect any or all of the four macroeconomic problems : the rate of growth of output , the rate of inflation , the level of unemployment and the balance of payments . |
21 | The change in aggregate demand will have a bigger effect on output and employment , the more elastic is the aggregate supply curve . |
22 | Monetarists argue that increases in money supply have a large effect on aggregate demand ( certainly in the long run ) because the L curve is inelastic and investment is responsive to changes in interest rates ; but that this increase in aggregate demand will simply be reflected in the long run in higher prices : the AS curve is vertical . |
23 | Monetarists argue that they are much stronger and more predictable , but that any change in aggregate demand will ( in the long run ) simply affect prices and not output and employment . |
24 | Similarly , a single random decrease in aggregate demand could set up a multiperiod recession ( see Blinder and Fischer , 1981 ; Demery and Duck , 1985 ; Duck , 1986 ) . |
25 | Why in long-run equilibrium will a company 's cost of capital exceed its growth rate ? |
26 | The role it plays in normal memory may therefore have been underestimated . |
27 | Generally those xenobiotic enzymes that are expressed in normal colon are present in small quantities ( our finding of patchy focal staining of surface epithelium would support this ) and it has been suggested that the low level of expression of biotransformation enzymes in normal colon could result in a critically low detoxification value , and hence increase the chances of carcinogenesis taking place in this tissue . |
28 | However , his teacher warned that proficiency in conversational language should not be assumed to equate with proficiency in cognitive or ‘ academic ’ language . |
29 | Our argument for the importance of considering individual speaker 's topics in conversational discourse would consequently be weaker . |
30 | To reach it other than by boat or wading in low tide would have taken an hour 's drive , so it was not often visited by the women . |