Reflating the economy would lead to greater demand for labour:- Govt could use macro-economic policies to increase AD and thereby generate a higher level of national income and employment. Reflationary policies can help to mitigate the effects of an economic recession but there are risks ...
aSocieties are sometimes inside their production-possibility frontier.When unemployment is high or when revolution or inefficient government regulations hamper economic activity,the economy is inefficient and operates inside its PPF. 社会有时是在他们的生产可能性边境里面。当失业高时或,当革命或效率低政府...