Not exact matches
Potential supply in some areas of the economy falls, but
aggregate demand will probably
rise rather than fall, due to the terms of trade gain, and it is more likely that there will be a problem of inflation in the non-traded sector.
We believe the Fed became so focused on shoring up the financial system and worrying about
rising inflation, that it lost sight of stabilizing
aggregate demand.
Suppose a country faces an insufficiency of
aggregate demand and below - target inflation, but can generate the
demand needed to close the gap and push inflation up to target only by fostering a
rise in private sector leverage.
To achieve 450 ppm, the concentration of greenhouse gases in the atmosphere associated with a 2 - degree Celsius
rise in global average temperatures (a target advocated by the European Union), the «
aggregate of fossil - fuel
demand will peak out in 2020,» Tanaka says.