| Some economists believe that the theory of aggregate supply is one of the least settled areas of macroeconomics. |
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| Over time, as wages and the costs of other resources rise in response to higher prices, aggregate supply falls. |
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| If the price level and nominal wage are flexible enough, the short-run aggregate supply curve shifts rightward until the economy produces its potential output. |
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| W h a t p re c i s e ly a re t h e f a c t o r s l e a d i n g t o a reduction in aggregate supply and thus to higher prices in the short run? |
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| It also increases aggregate supply, because it supports private-sector productivity and efficiency. |
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| But inflation would result only if monetisation boosted aggregate demand enough to exceed aggregate supply. |
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| If the factors described above work in the other direction, we will see an increase in aggregate supply. |
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| The internet makes it cheaper and easier than ever to aggregate supply and demand. |
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| We keep inflation in check by trying to have the economy operate at full capacity, with aggregate supply and demand in balance. |
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| Persistent aggregate supply shocks are an important part of the macroeconomic landscape. |
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| They consider inflation's principal determinants to be the gap between aggregate supply and demand and the public's expectations. |
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| Estimating the disequilibrium between aggregate supply and demand is vitally important in identifying the pressures on production capacities. |
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| Availability relates to the aggregate supply of food at the global and national level. |
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| They will indeed raise costs, that is, shift up the aggregate supply curve. |
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| We find that price adjustment is well described by an aggregate supply curve in price-output space, that is, a price Phillips curve. |
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| This backward shift of the aggregate supply curve of the economy of course both lowers output and raises prices. |
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| Discretionary measures, i.e. active changes to government revenue or expenditure, can affect economic growth and prices, via their effect on both aggregate demand and aggregate supply. |
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| This means that the long-term aggregate supply cur ve will be vertical. |
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| Any scenario involving, say, a sudden quadrupling of world oil prices, and a consequent leftward shift of the short-run aggregate supply function, would have seemed to us the wildest fantasy. |
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| Analytically, this adjustment not only involves an upward shift of the aggregate supply curve, which by itself implies lower inflation and higher growth. |
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| Positive economic incentive effects from reduced marginal tax rates will push out the aggregate supply curve to more than absorb demand increases without raising prices. |
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| The objective was not to bring down the stock market but rather to bring the growth of aggregate demand and aggregate supply into better alignment. |
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| According to the simple model we have been using, the combination of prices and real income that an economy is experiencing is obviously determined by the interplay of aggregate supply and demand. |
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| The aggregate supply situation in major markets and the first signs of a return to growth in Germany suggest a promising future for Oberottendorf quarry as part of Eurovia. |
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| These judgments include an assessment of the economic factors affecting inflation, especially the strength of aggregate demand relative to aggregate supply. |
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| What is crucial to the analysis of trend inflation is the extent to which monetary expansion accommodates or encourages a pace of aggregate demand that puts persistent pressure on aggregate supply. |
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| We also said that further monetary stimulus is likely to be required in the near term to keep aggregate supply and demand in balance and to achieve the 2 per cent inflation target over the medium term. |
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| When evaluating the prospects for inflation, the Bank considers the key factors affecting the balance between aggregate demand and aggregate supply over the next four to six quarters. |
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| What gives monetary policy some influence over real variables is the gradual adjustment of prices in markets for goods and services, which allows aggregate demand to deviate temporarily from long-run aggregate supply. |
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| Success in this area has not been totally conclusive, although quantitatively, the aggregate supply of agricultural commodities worldwide is probably sufficient at present. |
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| The aggregate supply of goods begins to increase continuatively. |
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| Currently CSS Alliance has signed an agreement to manage PASS BOX GLOBAL's manufacturing of their Portable Aggregate Supply System on a multi-year basis. |
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