THE EQUILIBRIUM LEVEL OF NATIONAL EMPLOYMENT John C. Harsanyi Article first published online: 28 JUN 2008 DOI: 10.1111/j.1475-4932.1954.tb03072.x Issue Economic Record Volume 30, Issue 1-2, pages 43–60, May 1954 Additional Information How to Cite Harsanyi, J. C. (1954), THE ...
Modern mass production has been based on the principles of labor division and specialization. As emphasized by Adam Smith, the interaction of specialized workers within a factory allows to generate an enormous increase in labor productivity. Of course, the fragmentation of the production process must...
Economic equilibriumrefers broadly to any state in the economy where forces are balanced. This can be related to prices in a market where supply is equal to demand, but can also represent the level of employment, interest rates, and so on. Competitive Equilbrium The process by which equilibri...
comprehensive view of the budget from the perspective of a generalequilibriumanalysis of the budget’s effects on employment, growth and welfare. daccess-ods.un.org daccess-ods.un.org 私营部门代表很少从总体平衡的角度全面审视 预算,分析预算对就业、增长和福祉的影响。
Worker cooperatives are shown to provide higher level of employment, higher employment stability and often greater wage volatility than similar investor-owned firms. A stylized fact that is nevertheless largely unexplained by the literature is the frequent evidence of lower wages in worker managed firms...
A country that combines a high level of unemployment benefits with a long benefit duration can neutralize the effect on the equilibrium rate of unemployment with a long qualifying and/or a short base period.doi:doi:http://lccn.loc.gov/2006618129Elke J. Jahn...
This study determined the current trends in supply, demand, and equilibrium (ie, the level of employment where supply equals demand) in the market for Certified Registered Nurse Anesthetists (CRNAs). It also forecasts future needs for CRNAs given different possible scenarios. The impact of the ...
equilibrium level of national income equilibrium line Equilibrium Line Altitude Equilibrium Line Altitude Equilibrium Line Altitude Equilibrium Line Altitude equilibrium market price Equilibrium market price of risk Equilibrium Market Prices of Risk Equilibrium mode distribution ...
which is point E in Fig. 58 Equilibrium income is not necessarily the level of income at whichFULL EMPLOYMENTis attained, for an equilibrium level of income can occur at any level of economic activity. Full employment equilibrium is a special case where aggregate demand exactly corresponds withPO...
Understanding Below Full Employment Equilibrium When an economy is currently below its long-run, full-employment real GDP level, there will be economic unemployment of resources, which will lead to an economicrecession. The economy is producing below, or inside, itsproduction possibilities frontier(PPF...